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May 08
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In the first 9 months of 2012, foreign investment in Armenia totaled $391 million, yielding the results from the same period of last year with 35.2%.

In the structure of foreign investment for the first time Canada became the leader with an investment of $102 million. Moreover, Canadian investment in the previous year increased by 4.4 times. However, note that it is all indirect investments, which were sent in the extraction of metal ores.

Russia in 2012 has invested $82 million, compared with $283 million in 2011 (down by 3.5 times). As a result, Russia went down to second place, but keeps the leadership on the part of direct investments with $53 million. In addition, Russian investments are more diversified: telecommunications, energy, hospitality and other sectors.

The highest investment growth provider in the country in 2012 was Switzerland (by 5.1 times), however, with only $38.8 million. Swiss investments have been made exclusively for non-metallic mining industry.

In total, 45.6% of all foreign investment in Armenia has been invested in the mining industry.

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