Foreign direct investments in Armenian economy in first quarter slash by 20.8 billion drams

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YEREVAN, July 11. /ARKA/. Foreign direct investments (FDI) in the Armenian economy in the first quarter of 2020 decreased by 20.8 billion drams compared to the same period in 2019, according to numbers, released today by the National Statistical Committee (NSC).

According to the official data, from January to March 2019, total investments in the Armenian economy amounted to 56.5 billion drams, including 9.5 billion drams in foreign direct investment.

In the same period of 2020, total investments slashed by 17.1 billion drams. Total drop in investments amounted to 73.6 billion drams. In terms of direct investments, the reduction amounted to 11.3 billion drams, resulting in 20.8 billion drop in foreign direct investment, NSC said.

The most obvious drop was in Russian investments. In the fist quarter of 2019 total Russian investments in the Armenian economy stood at 32.9 billion drams, including 12.5 billion drams in foreign direct investments. In the first quarter of 2020 these figures decreased by 34.2 billion and 8.2 billion drams, respectively.

Investments from Germany showed a positive trend. In the first quarter of 2019, total German investments amounted to 11.8 billion drams, while direct foreign investments decreased by 3.1 billion drams. In the first three months of 2020 these figures grew to 12.1 billion and 1.6 billion drams respectively. ($1 – 486.73 dram).

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