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Industry Is Driving Force Of Armenia's Economy - MP

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  • Industry Is Driving Force Of Armenia's Economy - MP

    INDUSTRY IS DRIVING FORCE OF ARMENIA'S ECONOMY - MP

    news.am
    June 21 2011
    Armenia

    YEREVAN.- Armenia registered an unprecedented level of economic
    activity in May, said chairman of the Parliament Standing Committee
    on Financial-Credit and Budgetary Affairs Gagik Minasyan.

    According to him, a new important tendency was revealed - industry
    has become the driving force of Armenia's economy. In particular,
    industry growth made 25%. Industry growth is diversified, and is not
    based solely on the mining industry, as previously. Growth has been
    recorded in food, pharmacology and other industries.

    Minasyan says the diversification makes Armenia's economy more
    resistant to international shocks, from which the country is not safe.

    The MP forecasts economic growth in Armenia will reach 5%.



    From: Emil Lazarian | Ararat NewsPress
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