ANNUAL GROWTH IN BUILDING SPHERE IN ARMENIA IS 20-25%

Panorama.am
13:35 30/03/06

The third international specialized exhibition "Building and Repair
EXPO-2006" has started its work in Yerevan. As the President of the
Manufacturers and Entrepreneurs Union in Armenia Arsen Ghazaryan
mentioned in the talk with correspondents the annual growth of the
building sphere in the Republic is 20-25%. As he said the increase
of the value of building brought to the increase of stone-working
enterprises and building companies. In the last 3 years more than 10
new producers of building materials appeared in Armenia.

In reply to Panirama.am correspondent's question A. Ghazaryan informed
that there are a considerable number of companies with foreign capital
in Armenian building market. A. Ghazaryan mentioned that foreign
companies pull native investors after them as a result of which the
building industry in the country has reached a higher level then in
the Soviet times.

More than 80 companies, including investing, building companies as well
as project organizations, are going to take part in the exhibition. To
note, the latter is going to last till April 1. The exhibition is
being held with the assistance of Ministry of Trade and Economic
Development, Foreign Ministry and RA manufacturers and Entrepreneurs
Union. The exhibition has been organized by exhibition company "LOGOS
EXPO Centre". The exhibition aims at getting the consumers acquainted
with building technologies.