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YEREVAN. – Foreign investments in Armenia's economy are reducing, the economists warn.

Gagik Margaryan, head of the Republican Union of Employers of Armenia, says this proves that Armenian authorities are not creating necessary environment for investments.

“In 2011, foreign investments made $650 million, next year – $540 million, in 2013 – only $260 million. Investments have reduces almost three times,” Margaryan said during a press conference on Wednesday. 

Most investments fall on telecommunications, the second area is real estate followed by industry: mining and food. Armenia's investment attractiveness may be affected by security situation on the border, the economist added.

“The reports on border incidents are included in the reports of international organizations, which are introduced to potential investors. This naturally affects Azerbaijan, too,” he emphasized.

 

 

 

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