$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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |