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BAKU: Armenia, Ukraine And Russia Hardest Hit By Global Crisis

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  • BAKU: Armenia, Ukraine And Russia Hardest Hit By Global Crisis

    ARMENIA, UKRAINE AND RUSSIA HARDEST HIT BY GLOBAL CRISIS

    APA
    Jan 20 2010
    Azerbaijan

    Baku. Viktoriya Dementieva - APA. Among the CIS countries, Russia,
    Ukraine and Armenia have been most affected by the global economic
    crisis, Itar-Tass quoted Vladimir Sokolin, chairman of the CIS
    Interstate Statistical Committee, as saying.

    "We can distinguish CIS countries in two groups. Azerbaijan,
    Tajikistan, Uzbekistan, Kyrgyzstan saw growth, and the remaining
    countries have been hit hard by the crisis," he added.

    According to him, Uzbekistan saw an 8% year-on-year economic growth,
    Azerbaijan - 6.1% Tajikistan - 2.7% and Kyrgyzstan - 2.9% during for
    three quarters of 2009.

    However, according to data for January-September 2009, the year-on-year
    decline in Armenia, Ukraine and Russia was 18.3%, 15.9% and 9.9%
    respectively.

    From: Emil Lazarian | Ararat NewsPress
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