$856.5 million invested in Armenia in a single yearFebruary 28, 2018 - 17:57 AMT PanARMENIAN.Net - $856.5 million were invested in Armenia in 2017, a report published by the government reveals. The energy sector accounted for attracting the greater part of investments - $293.5 million - with the transport, communication and IT sector coming in the second with $175.2 million. The urban development and industrial sectors, meanwhile, brought in $99 million and $78.9 million, respectively. Besides the projects worth $856.5 million, a further $170,9 million were invested in the provinces in the reporting period. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |