Export volumes growing in Armenia

13:35, 29 September, 2012


YEREVAN, SEPTEMBER 27, ARMENPRESS: 2011 was favorable year for
Armenian Republic economy. The volumes of industry, export and GDP
has increased in 2011. 14 projects have been implemented by Armenian
Ministry of Economy. Minister Tigran Davtyan came forth in the course
of '' Armenian Republic 2011 state budget execution'' annual report.
95.5 % of the amount allocated by the state to the Ministry has been
spent.

Ministry of Economy singled out the implementation of Tourism and IT
development projects in the accounting year. In the words of the
official the Government considered those branches priority and
reportedly allocated budgetary funds. The implementation of the
projects has been carried out within private and public sector
cooperation.

In the words of Davtyan the export volumes are growing rapidly than
that of industry. 2013 state budget stipulates to allocate 300
million AMD for the development of export and industry volumes.
Dwelling on Gyumry techno park construction Davtyan stated they have
been already launched and will end coming year. In the words of
Davtyan it will contribute to the development of technological
capabilities.


From: Baghdasarian