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DECLINE TO BE RECORDED IN CONSTRUCTION SECTOR THIS YEAR - MINISTER
13:05 04/11/2013 " ECONOMY
A decline will be recorded in Armenia's construction sector this year,
Armenian Urban Development Minister Samvel Tadevosyan said during the
discussion of the 2014 draft budget, adding that the decline is first
of all due to the decrease of the volumes of international credits.
The Minister noted that funds are necessary for activating the
construction sector and an interdepartmental working group has been set
up by the Prime Minister in order to work out the respective proposals.
"Our priorities include construction of social apartments and provision
of long-term credits to construction companies," Tadevosyan said.
Under the 2014 draft budget, AMD 10 billion 750 million will be
allocated to urban development.
Source: Panorama.am
From: Baghdasarian
13:05 04/11/2013 " ECONOMY
A decline will be recorded in Armenia's construction sector this year,
Armenian Urban Development Minister Samvel Tadevosyan said during the
discussion of the 2014 draft budget, adding that the decline is first
of all due to the decrease of the volumes of international credits.
The Minister noted that funds are necessary for activating the
construction sector and an interdepartmental working group has been set
up by the Prime Minister in order to work out the respective proposals.
"Our priorities include construction of social apartments and provision
of long-term credits to construction companies," Tadevosyan said.
Under the 2014 draft budget, AMD 10 billion 750 million will be
allocated to urban development.
Source: Panorama.am
From: Baghdasarian