ARMENIAN-GEORGIAN TRADE TURNOVER GROWS 3.8% IN JAN/OCT 2008 TO $106.9 MILLION

ARKA
Dec 1, 2008

YEREVAN, December 1. /ARKA/. Armenia's trade turnover with Georgia
grew 3.8% in Jan/Oct 2008 to $106.9 million, National Statistical
Service of Armenia reports.

Exports from Armenia to Georgia totaled $70.9 million (7.5% of
Armenia's total export) after having reduced 2.2%, compared with the
same period of the previous year.

Georgia imports in Armenia grew 18% to $36.1 million. As a whole,
imports from Georgia totaled $141.2 million (42.8% growth) or 3.9%
of total import.

According to the statistical report, trade turnover with Georgia made
2.4% of Armenia's foreign turnover and that with Ukraine made 6.2%
of total turnover.

Armenia's trade turnover with CIS member countries made 29.9% of its
foreign turnover (33.1% at the same period of 2007) or $1,350.2 million
(18.6% growth).

Armenia's foreign turnover grew 31.5% in Jan/Oct 2008, compared with
the same period of the previous year, and reached $4,520.1 million.

Exports totaled $941.2 million and imports $3,579.2 million.