DECLINE IN ARMENIA’S CONSTRUCTION SECTOR
Tert.am
16:06 07.09.11
This July, AMD 35,071.7m (U.S. $94,847.3 thousand) worth construction
was carried out in Armenia – a 32.2% decline as compared with last
July, and a 10.85 decline as compared with this June.
This January-June, AMD 146,599.1m worth construction was carried out
in Armenia – a 13.8% decline as compared with last January-June.
Armenia’s National statistical Service reports that 19.6% of the
construction this July was funded from the state budget, 5.5% by
communities, 8.7% due to international loans. Also, 6.9% of the
construction was carried out as humanitarian aid, 44.3% was funded
by organizations and 15% by the population.
The budgetary financing of construction showed a 0.9% decrease. On the
other hand, communities increased funding 3.6-fold, international
loans sowed a 6% decrease and humanitarian financial aid a 36%
decrease. Organizations reduced their funding of construction by 38.7%,
and the funds by population showed a 55.6% decrease.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. 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/2011/09/08/decline-in-armenias-construction-sector/
