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GOVT. TO ALLOCATE AMD 6,1 BN FOR INDUSTRY, CONSTRUCTION DEVELOPMENT
October 11, 2013 - 18:40 AMT
PanARMENIAN.Net - AMD 6,1 billion was allocated out of the 2014 state
budget for development of industry and construction, with AMD 60
million in subsidies to be provided to export-oriented enterprises,
the head of the Union of Manufacturers and Businessmen (Employers)
of Armenia Vazgen Safaryan said.
In Soviet times, the industry share in Armenia's GDP comprised 61%,
allowing the republic to develop a stable economic system. According
to Safaryan, the governemnt faces a task of increasing the industry
share in GDP to 35%, up from current 20%.
As of 2012, Armenian industry manufactured over AMD 1 billion worth
of products, for the first time after declaration of the country's
independence. A 9,2% upsurge in the industry sector is planned in 2013.
According to the CIS Statistical Committee, Armenia is the 4th among
the CIS states for industrial production growth in January-August 2013,
posting a 6,2% upsurge against the 2012 results.
Kirghizstan, Uzbekistan and Moldova top the list.
http://www.panarmenian.net/eng/news/171152/
October 11, 2013 - 18:40 AMT
PanARMENIAN.Net - AMD 6,1 billion was allocated out of the 2014 state
budget for development of industry and construction, with AMD 60
million in subsidies to be provided to export-oriented enterprises,
the head of the Union of Manufacturers and Businessmen (Employers)
of Armenia Vazgen Safaryan said.
In Soviet times, the industry share in Armenia's GDP comprised 61%,
allowing the republic to develop a stable economic system. According
to Safaryan, the governemnt faces a task of increasing the industry
share in GDP to 35%, up from current 20%.
As of 2012, Armenian industry manufactured over AMD 1 billion worth
of products, for the first time after declaration of the country's
independence. A 9,2% upsurge in the industry sector is planned in 2013.
According to the CIS Statistical Committee, Armenia is the 4th among
the CIS states for industrial production growth in January-August 2013,
posting a 6,2% upsurge against the 2012 results.
Kirghizstan, Uzbekistan and Moldova top the list.
http://www.panarmenian.net/eng/news/171152/