ARMENIA RANKS AS SECOND CIS STATE REGISTERING LOW PRICES ON CONSUMER PRODUCTS
/PanARMENIAN.Net/
18.08.2009 11:48 GMT+04:00
/PanARMENIAN.Net/ As of the first half of 2009, Armenia ranks as the
second CIS state registering a low GDP and high prices on consumer
goods. Armenian economy reduced its volumes by 16.3%. The highest
GDP fall in comparison with last year was observed in Ukraine
(20.3%). Russia came as the third country in the list (13.4%),
following Armenia.
GDP fall was observed in almost all CIS countries, including Moldova
(6.9%), Georgia (5.9%), Kazakhstan (4.1%) etc. Economic growth in the
above period was registered in Uzbekistan (8.2%), Azerbaijan (3.6%),
Kyrgyzstan and Belarus (0.3%).
In the meantime, industrial production volumes were reduced in all
countries, except Azerbaijan and Uzbekistan. In Russia and Ukraine,
they fell by 31.1% and 14.8% respectively.
Ukraine also tops the list of countries registering high prices on
consumer products (17.6% for the first half of 2009). The second and
third countries in the list are Belarus (14.6%) and Russia (13.1%),
Lenta.ru reports, quoting CIS Statistic Committee’s press release.
Disclaimer: This article was contributed and translated into English by Tvankchian Parkev. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2009/08/19/armenia-ranks-as-second-cis-state-registering-low-prices-on-consumer/