YEREVAN, June 9 (Reuters) - Armenia hopes to raise about $75 million from foreign investors by selling about 50 state-owned properties that are in need of modernisation.

Parliament approved the government's privatisation programme for 2017-2020 on Friday. It envisages the sale of 47 state outlets for 36 billion drams ($75 million), through tenders or direct sales.

The list includes medical centres, buildings belonging to Armenia Post and Armenfilm, and a jewellery factory, stadium and the central bus station in the capital Yerevan.

The country of 3.2 million people depends heavily on aid and investment from former imperial master Russia, whose economic downturn has hit Armenian exports and remittances from Armenians working there.

The Caucasus nation's economic growth slowed to 0.2 percent in 2016 after rising 3 percent in 2015, much less than the government's original target of 2.2 percent growth.

Gross domestic product grew by 6.5 percent in the first quarter of this year, up from a 4.4 percent rise in the same period in 2016.

The government expects the economy to grow by 3.2 percent this year, helped by lower borrowing costs and increased exports to Russia.

($1=482.5 drams) (Reporting by Hasmik Mkrtchyan; Writing by Margarita Antidze; Editing by Catherine Evans)