YEREVAN. – In line with the bulletin which the National Statistical Service has issued, the foreign investments to Armenia’s economy have dropped by 12 percent in the first quarter of this year, as compared to the same period last year, Haykakan Zhamanak daily reports.   

“At the same time, direct foreign investments declined by more than 35 percent. According to official data, the foreign investments had dropped by 8 percent last year, too, as compared to the previous year.

But the official data with respect to foreign investments can no longer be considered credible. The problem is that an investment of $200 million was registered in the last quarter of 2012, which [i.e., the investment] as if the French had made in the telecommunications sector, but it turned out to be a lie.     

So, it can be argued that the foreign investments [to Armenia] have reduced more than it is officially presented,” Haykakan Zhamanak writes.