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84.5% Of Construction In Armenia In 1st Q 2009 Paid By Population

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  • 84.5% Of Construction In Armenia In 1st Q 2009 Paid By Population

    84.5% OF CONSTRUCTION IN ARMENIA IN 1ST Q 2009 PAID BY POPULATION

    /ARKA/
    May 4, 2009
    YEREVAN

    National Statistical Service of Armenia says 84.5% of the first
    quarter's construction was carried out at the account of the
    population.

    The population-paid construction cost AMD 11.1 billion, of which AMD
    11 billion was spent for mounting.

    According to the statistical report, 15.5% (AMD 24.5 billion) of
    construction was carried out at the account of organizations - 31.8%
    less than in the first quarter of the previous year.

    AMD 40.1 billion was spent for the capital construction paid from
    all sources.

    The statistical report says Armenia recorded 21.9% decline in its
    construction in the first quarter of 2009, compared with the same
    quarter of the previous year, while population-paid construction grew
    39.1%. ($1 = AMD 372.61)
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