AZERBAIJAN POSTS HIGHEST INDUSTRIAL OUTPUT GROWTH IN CIS IN 7 MTHS

Interfax News Agency
Russia & CIS General Newswire
August 31, 2006 Thursday 4:18 PM MSK

Azerbaijan posted the highest year-on- year industrial output growth in
the CIS in the first seven months of 2006 at 41.4%, the CIS Interstate
Statistics Committee said Thursday.

Industrial production increased 12.7% in Belarus, 6.2% in Tajikistan,
5.9% in Kazakhstan, 4.8% in Ukraine and 4.2% in Russia.

Production fell 8.9% in Kyrgyzstan, 6.7% in Moldova and 1% in Armenia.

The CIS statistics committee does not have industrial production
figures for Georgia, Turkmenistan and Uzbekistan.

GDP grew 6% year-on-year on average in the CIS in the first seven
months of 2006 and industrial production was up 5.3%.

GDP growth was highest in Azerbaijan at 35.1%. GDP went up 11.5%
in Armenia, 10.1% in Belarus, 7.2% in Tajikistan, 5.5% in Ukraine,
and 2.5% in Kyrgyzstan. GDP has not yet been calculated for the rest
of the CIS countries.