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In 2006 Armenian GDP To Exceed Last Year's Index By At Least 13.5%

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  • In 2006 Armenian GDP To Exceed Last Year's Index By At Least 13.5%

    IN 2006 ARMENIAN GDP TO EXCEED LAST YEAR'S INDEX BY AT LEAST 13.5%

    Noyan Tapan
    Dec 26 2006

    YEREVAN, DECEMBER 26, NOYAN TAPAN. In 2006, Armenia's GDP will
    exceed last year's index by at least 13.5%. The RA Minister of Trade
    and Economic Development Karen Chshmaritian stated this during the
    December 26 press conference.

    According to him, in 11 months of 2006, Armenia's GDP amounted to
    2 trillion 293.9 billion drams (about 5 bln 452 mln USD), while GDP
    growth rate made 113.2%. The number of officially registered unemployed
    made 84.4 thousand, declining by 6.2% on 2005. Monetary incomes of
    the population made 1 trillion 463.3 billion drams (the growth rate
    of 119.3%), while monetary expenditures made 1 trillion 424.9 billion
    drams (growth rate of 119.4%). The minister said that in 2006 the
    main directions of the ministry's activities were the development
    and approval of the Action Plan of the EU European Neighborhood
    Policy, the formation of the legislation on state assistance to
    innovation activity in Armenia, and the creation of the basis for
    implementation of the program on developing Tsakhkadzor as a tourism
    center. K. Chshmaritian underlined that the envisaged work has been
    successfully done in all the three directions.
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