Construction Named The Engine Of Armenian Economic Growth

CONSTRUCTION NAMED THE ENGINE OF ARMENIAN ECONOMIC GROWTH

PanARMENIAN.Net
18.02.2009 15:41 GMT+04:00

/PanARMENIAN.Net/ Armenian Prime Minister Tigran Sargsyan met Wednesday
with representatives of private construction firms to discuss prospects
of cooperation under the global economic crisis.

The meeting was also attended by Ministers of Finance and Urban
Planning, Mayor of Yerevan and Chairman of the State Revenue Committee.

"Construction is the engine of Armenian economic growth," the Prime
Minister said.

According to statistical data, the volume of construction works in
Armenia has increased by 9,8% and totaled AMD 518075,0 million.

The entrepreneurs voiced their concerns over the decrease in price
for real estate and touched upon problems in investment policy.

On completion of the meeting, PM Sargsyan stressed the importance to
develop the mortgage market and to accomplish construction works in
the 1988 earthquake zone.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS