YEREVAN, DECEMBER 21, NOYAN TAPAN. Satisfactory indices on investment inflow to Armenia will be registered by 2007'results. It is forecast that it will reach the 700 million dollar mark, the director general of the Armenian Development Agency (ADA) Tigran Davtian stated at the December 21 press conference. He reminded that in January-September 2007, foreign investments in the real sector of the Armenian economy (without those received through the state governance and banking systems) made 469 mln 947.1 thousand USD, growing by 58% on the same period of last year. Out of this amount, direct investments made 311 mln 605.7 thousand USD, growing 2.1fold on January-September 2006. In t. Davtian's words, "as was promised" by the Russian president V. Putin, Russia has become the leader by investments made in Armenia. He added that according to investors, Armenia's investment emvironment is favorable, while the small size of the Armenian market is the first obstacle to attraction of a greater amount of investments. "There has been some progress in terms of a growth of purchasing capacity, GDP and per capita incomes," he said. T. Davtian forecast that in 2008, per capita GDP will make 3.3-3.5 thousand USD against 1.4 thousand USD in 2005. This index is typical of countries with a medium level of economic development. It is also forecast that in 2008 Armenia's GDP will surpass the 10 billion dollar mark.

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