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Construction Grows By 79.7% In Armenia In January 2008 On Same Month

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  • Construction Grows By 79.7% In Armenia In January 2008 On Same Month

    CONSTRUCTION GROWS BY 79.7% IN ARMENIA IN JANUARY 2008 ON SAME MONTH OF 2007

    Noyan Tapan
    March 13, 2008

    YEREVAN, MARCH 13, NOYAN TAPAN. Construction work of 7 bln 35.5 mln
    drams (over 22.9 mln USD), including building and assembly work of 5
    bln 404.2 mln drams, was done in Armenia in January 2008. Construction
    grew by 79.7%, building and assembly work by 75.9% in comparable
    prices as compared with January 2007.

    According to the RA National Statistical Service, 5.3% of construction
    was done at the expense of state budget, 0.4% - with community
    resources, 2.1% - at the expense of the World Bank, 5.1% - with
    humanitarian aid, 68.9% - with resources of private organizations,
    and 18.2% - with resources of the population.

    From: Emil Lazarian | Ararat NewsPress
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