ARKA News Agency, Armenia
July 5 2005
ECONOMIC GROWTH IN ARMENIA IN JAN-MAY 2005 EXCEEDS CIS COUNTRIES’
AVERAGE INDEX BY 3.5%
YEREVAN, July 5. /ARKA/. Economic growth in Armenia made 8.5% in
Jan-May 2005, compared with the same period a year earlier, exceeding
the CIS countries’ average index by 3.5%, the CIS Statistical
Committee says. The average economic growth in the CIS member
countries made 5%. Armenia ranked third following Azerbaijan with its
16% GDP and Belarus with 8.9%. Economic growth in Tajikistan is 7.5-%
economic growth, in Russia 4.8% (production in economy’s basic
sectors), Ukraine 4.7% and Kyrgyzstan 3.3%. There are no data on
Georgia, Kazakhstan and Moldova for that period. GDP in mentioned
countries rose for the 1st quarter by 7.34%, 9.14% and 8.24%
accordingly. M.V. -0–