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Russia ranking eighth in CIS for its production growth

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  • Russia ranking eighth in CIS for its production growth

    Russia ranking eighth in CIS for its production growth

    RosBusinessConsulting Database
    May 6, 2005 Friday 5:04 am, EST

    In the first quarter of 2005, Russia ranked eighth among CIS members
    rated on its industrial production growth of 3.9 percent from the
    first quarter of 2004, the Interstate Statistical Committee of the
    CIS has reported.

    The highest industrial production growth over the given period
    was observed in Belarus (up by 11.6 percent), and Azerbaijan took
    second place with 10.3 percent. Growth rates were determined at 8.2,
    7.4 percent in Tajikistan and Kazakhstan respectively; Ukraine and
    Georgia demonstrated 7.1 percent each, Armenia - 5.1 percent, Moldova
    - 3.2 percent, while in Kyrgyzstan industrial production declined by
    4.7 percent. The average industrial production growth was 5 percent
    for the CIS.

    Over the given period, producer prices for industrial products
    increased the most in Azerbaijan (up by 22.7 percent). In Tajikistan,
    the prices declined by 1.1 percent. In Russia, producer prices for
    industrial products advanced by 18.5 percent, compared with the first
    quarter of 2004.
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