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Government To Discuss Construction Sector Problems Next Week

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  • Government To Discuss Construction Sector Problems Next Week


    YEREVAN, March 29. / ARKA /. Armenian ministries of economy and urban
    planning will meet next week with representatives of construction
    companies and financial institutions to discuss how to boost
    construction industry, economy minister Tigran Davtyan said today.

    Speaking at a March 21 Cabinet session prime minister Tigran Sargsyan
    spoke about the need of a government program to ensure growth in
    the construction sector and asked economy minister Tigran Davtyan to
    organize a meeting of construction firms heads with officials form the
    ministry of finance and Central Bank to determine what steps should be
    done by the government to secure growth in the construction industry.

    "We are planning next week to have a meeting with businessmen and
    representatives of financial institutions to understand where the
    problem lies, and what can be done to solve it," Davtyan told reporters
    after visiting the exhibition "Caucasus Construction and Maintenance
    EXPO 2013".

    Davtyan said the priority for the government is to help overcome
    stagnation in the construction industry, which requires joint efforts
    of government agencies and private sector.

    "Construction is the only sector where we do not have positive
    dynamics. This year, the task is to pay more attention to the
    construction and related sectors, in particular, to production of
    building materials," he said.

    The minister spoke also about the significance of the exhibition,
    saying such events give a new impetus to construction sector.

    Armenia's economic activity index in January-February 2013 increased
    by 8% compared to the same period of 2012. Construction sector in
    the first two months of the year decreased by 8% year-on-year to 36
    billion drams.

    Industrial output in January-February 2013 saw a 16 percent
    year-on-year rise to 188.6 billion drams ($1 - 418.58 drams). -0-