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ARMENIA'S INDUSTRIAL OUTPUT IN TEN MONTHS SURGES BY 10 PERCENT TO 895 BILLION DRAMS: ECONOMY MINISTER SAYS
YEREVAN, November 27. /ARKA/. Armenia's industrial output in the first
ten months of 2012 surged by 10 percent when compared to the same time
span last year to 895 billion drams, economy minister Tigran Davtyan
said today at a meeting of the Industrial Council chaired by the prime
minister, the government press office reported.
He said the yearend industrial output is expected to hit one billion
drams. According to him, industrial exports in January-October this
year increased by 13 percent year-on-year to 305 billion drams.
He said over the first ten months the government approved 8 investment
programs worth 17.5 billion drams granting them deferred payment of
VAT. As a result of this investments 350 new jobs were to be created.
During the same period several industrial enterprises were
commissioned and 4-5 more are set to be commissioned by yearend. The
government also provided 2.4 billion drams worth loans to small and
medium business.
"This is an unprecedented amount, which is several times higher than
in previous years. In general, the loans were provided to 29 companies
and three private entrepreneurs," Davtyan said. ($ 1 - 406.32 drams).
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YEREVAN, November 27. /ARKA/. Armenia's industrial output in the first
ten months of 2012 surged by 10 percent when compared to the same time
span last year to 895 billion drams, economy minister Tigran Davtyan
said today at a meeting of the Industrial Council chaired by the prime
minister, the government press office reported.
He said the yearend industrial output is expected to hit one billion
drams. According to him, industrial exports in January-October this
year increased by 13 percent year-on-year to 305 billion drams.
He said over the first ten months the government approved 8 investment
programs worth 17.5 billion drams granting them deferred payment of
VAT. As a result of this investments 350 new jobs were to be created.
During the same period several industrial enterprises were
commissioned and 4-5 more are set to be commissioned by yearend. The
government also provided 2.4 billion drams worth loans to small and
medium business.
"This is an unprecedented amount, which is several times higher than
in previous years. In general, the loans were provided to 29 companies
and three private entrepreneurs," Davtyan said. ($ 1 - 406.32 drams).
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