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Construction Grows by 19% in January-November 2007 YoY

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  • Construction Grows by 19% in January-November 2007 YoY

    CONSTRUCTION GROWS BY 19% IN ARMENIA IN JANUARY-NOVEMBER 2007 ON SAME
    PERIOD OF LAST YEAR

    YEREVAN, DECEMBER 28, NOYAN TAPAN. Construction work of 565 bln 279.5
    mln drams (about 1 bln 636 mln USD), including construction of
    production facilities of 207 bln 929.2 mln drams, was done in Armenia
    in January-November 2007.

    According to the RA National Statistical Service, in the indicated
    amount of construction work, building and assembly work made 505 bln 96
    mln drams, including building and assembly work of production
    facilities of 168 bln 563.2 mln drams. Construction grew by 19%,
    building and assembly work - by 17.3% in January-November 2007 on the
    same period of 2006.

    9.5% of construction was done with state budgetary resources, 0.5% - at
    the expense of the RA government's reserve fund, 0.1% - with community
    resources, 0.6% - with World Bank resources, 2.9% - at the expense of
    humanitarian aid, 25.2% - of private organizations, and 61.2% - at the
    expense of the population.
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