Armenians invested $40 million in Georgia in five yearsMarch 15, 2017 - 13:56 AMT PanARMENIAN.Net - Direct investments from Armenia into the Georgian economy amounted to some $40 million in 2012-2016. As Georgia’s national statistical service reports, the volume of Armenian investments culminated in 2014 when $12.6 million were spent overall. Furthermore, investments worth $5.9 million were registered in 2012, $3.7 million in 2013, $12 million in 2015 and $5.6 million in 2016. A total of $1.68 billion worth investments were made in 2016 in Georgia, with those from Azerbaijan and EU countries accounting for $578 million and $471 million, respectively. 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. |