Foreign direct investment up 50% in Armenia, PM says

Foreign direct investment up 50% in Armenia, PM says

PanARMENIAN.Net - Prime Minister Nikol Pashinyan has revealed that foreign direct investments in Armenia’s economy grew 50% in Quarter 3 of 2018 year-on-year.

In the reporting period, direct investment inflow (in terms of commitment) amounted to $75.5 million against the $50.9 million in the same period in 2017.

Foreign direct investments totaled $94.2 million and $8.9 million in Q1 and Q2 of 2018, respectively, while figures for Q4 have to be revealed.

 Top stories
The ruble was trading at a low of 74.9 to $1 on March 9 morning, after another wild start to the week for financial markets.
Pashinyan said that raising the efficiency of the fight against corruption will be one of the most important challenges.
The Council adopted revised conclusions on the EU list of non-cooperative jurisdictions for tax purposes.
“It’s a speculation, we can neither comment or react to it,” an Diana Gazinyan from HSBC Armenia said.
Partner news