YEREVAN. – Foreign investments in Armenia increased by nearly 16 percent in the three quarters of the current year. 

Prime Minister Hovik Abrahamyan stated the aforesaid during Wednesday’s parliamentary debates on the draft for the 2016 State Budget.

Abrahamyan noted that these investments grew by 17 billion Armenian drams (approx. $35,080,520), as compared to the three quarters of 2014, and amounted to 125 billion drams (approx. $257,945,000).

First and foremost, the state assists in long-term—including infrastructure—initiatives.