The government of Armenia is taking measures to attract foreign investments that have considerably fallen in recent years. Foreign investors are put off by Armenia’s isolation as well as unfavorable tax and customs policies. Now, the government states that it is going to improve the investment climate.
Foreign investments in Armenia in 2009 totaled $935.5 million, of which direct investments were $732.1 million. As compared with 2008, foreign investments decreased by 25.6 percent. According to the National Statistical Service, for the first nine months of 2010 the amount of foreign investments in Armenia totaled $472.2 million.