In 2004 the volume of foreign investment in the economy of Armenia made $305.5 million, exceeding the last year’s index 33.2%. In the words of Deputy Minister of Trade and Economic Development of Armenia Tigran Davtian, the volume of direct investment increased 47.7%, making $226.7 million in 2004. Greece takes the first place in the range of countries investing in the economy of Armenia – $85 million, Russia is the second – $67 million, Germany is the third – $32 million, Argentina is the fourth – $30 million and the U.S. is the fifth – $24 million.
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