YEREVAN. – The flow of investments in Armenia made $148.7 million from January to March, which is increase by 13.9 percent, as compared to the same period of last year, Armenian National Statistical Service reports. According to the report, main investing countries in Armenian economy include Russia, Switzerland and France.

Russia is the greatest investing country with $26.6 million for the first quarter of this year. Majority of the investments amounting to $22.8 million was in the field of telecommunications (two out of three mobile operators in Armenia, including ArmenTel and VivaCell operate based on the Russian capital).

As for Switzerland, the country occupies the second place on investments for the first time. The Swiss RARE SA Company has invested $20.5 million in constructing a plant of fresh and mineral drinking waters in Artavaz village of Armenia’s Kotayk Region. The real owner of the company is a Saudi sheikh.