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