Vanessa Kachadurian Argentina is Armenia's third largest investor

The Argentina Armenians are some of the most patriotic and brillant.  They are great and passionate dancers, and very very lively.  Their embassy is thriving in Armenia and share a very special closeness with Armenia.  Unfortunately American Embassy and Americans are not as well respected.


http://arka.am/en/news/business/argentina_third_largest_investor_in_armenian_economy_at_55_mln_in_2012/

YEREVAN, June 28./ARKA/. Argentina is the third country to make biggest direct investments in Armenia, at $55 million, in 2012, Ambassador to Armenia Diego Alvarez Rivera said Friday.

 

“Compared to 2011, the figures rose by 5%,” he said at the seminar devoted to commercial and economic ties between Armenia and Argentina.

 

Araik Vardanyan, executive director of Armenia’s Chamber of Commerce and Industry, has said the largest investment project Argentina implemented in Armenia was a construction of a new passenger terminal of Zvartnots airport: total investments valued at $160 million.

 

New York-based holding company owns Armenian-International Airports company, which, in turn, has been managing Zvartnots airport since 2001. The 100% stock of the holding is held by Argentinean businessman of Armenian origin Eduardo Eurnekian.

 

The report of the Argentinean Embassy stated the top investor in Armenia economy in 2012 was France (41% - $230 million), Russia came in second (16%-$123 million).

 

According to the National Statistical Service of Armenia, the total foreign investments in Armenian economy, received via banking system and without state management, dropped by 8.6% from 2011 to $ 1 587 million. Direct foreign investments hit $ 656.7 million against $ 906.3 million (27.5-percent fall).—0-