Armenian Minister Of Economy Calls 2011 Successful

ARMENIAN MINISTER OF ECONOMY CALLS 2011 SUCCESSFUL

Vestnik Kavkaza
Dec 27 2011
Russia

Armenian Minister of Economy Tigran Davtyan said that the year 2011
was a success. Economic activity is expected to reach 5.5%, he said
in Yerevan on Tuesday, PanARMENIAN reports.

The minister noted that all spheres, excluding construction, had seen
improvements. Industry grew by 13-14%, production reached 2.34 billion
drams, there are expectations to reach $2.6 billion. Services grew
by 10%. Export increased by 34.6% in 11 months of 2011, exceeding
imports. Investments increased by 23.4%.

Inflation will be determined in early 2012, bit its growth rate
dropped by the end of 2011, Minister Davtyan said.

From: A. Papazian

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