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Armenian Construction Work In First Half Drops By 8.8 Percent To 123

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  • Armenian Construction Work In First Half Drops By 8.8 Percent To 123

    ARMENIAN CONSTRUCTION WORK IN FIRST HALF DROPS BY 8.8 PERCENT TO 123.3 BILLION DRAMS

    YEREVAN, August 13. / ARKA /. Some 123.8 billion drams worth
    construction work was done in Armenia in the first six months of 2013,
    a decrease of 8.8% compared to the same period last year, according
    to the latest numbers, released by National Statistical Service.

    Some 35 billion drams worth construction was financed by individuals.

    It made 28.4% of the total construction work. The figure represented
    a 16.9 percent growth from the year before.

    Also some 46.5 billion drams worth construction work was financed
    by organizations (48.6% of the total construction work), a decline
    of 10.6% compared to the first six months of 2012. Some 2.7 billion
    drams worth construction was financed via humanitarian assistance
    (2.3% of the total volume), a decline of 27.1% from the year before.

    International loans were used to finance 5.7 billion drams worth
    construction work (a decline of 44.9%) and 16 billion drams worth
    construction work was financed by the government (13% of the
    total volume) a decline of 17%. The rest - 3.6 billion drams worth
    construction work -was financed by communities, a decline of 22.8%
    from the year before. ($ 1 - 407.53 drams). -0-

    - See more at:
    http://arka.am/en/news/economy/armenian_construction_work_in_first_half_drops_by_ 8_8_percent_to_123_3_billion_drams/#sthash.zNHUHqMv.dpuf

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