CONSTRUCTION GROWS BY 19% IN ARMENIA IN JANUARY-NOVEMBER 2007 ON SAME
PERIOD OF LAST YEAR

YEREVAN, DECEMBER 28, NOYAN TAPAN. Construction work of 565 bln 279.5
mln drams (about 1 bln 636 mln USD), including construction of
production facilities of 207 bln 929.2 mln drams, was done in Armenia
in January-November 2007.

According to the RA National Statistical Service, in the indicated
amount of construction work, building and assembly work made 505 bln 96
mln drams, including building and assembly work of production
facilities of 168 bln 563.2 mln drams. Construction grew by 19%,
building and assembly work – by 17.3% in January-November 2007 on the
same period of 2006.

9.5% of construction was done with state budgetary resources, 0.5% – at
the expense of the RA government’s reserve fund, 0.1% – with community
resources, 0.6% – with World Bank resources, 2.9% – at the expense of
humanitarian aid, 25.2% – of private organizations, and 61.2% – at the
expense of the population.