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Construction Grows By 19.7% In Armenia In 2007 As Compared With 2006

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  • Construction Grows By 19.7% In Armenia In 2007 As Compared With 2006

    CONSTRUCTION GROWS BY 19.7% IN ARMENIA IN 2007 AS COMPARED WITH 2006

    Noyan Tapan
    Feb 1, 2008

    YEREVAN, FEBRUARY 1, NOYAN TAPAN. Construction of 667 bln 334.7 mln
    drams (over 1 bln 950.8 mln USD), including construction of production
    facilities of 224 bln 789 mln drams, was done in Armenia in 2007.

    According to the RA National Statistical Service, in the indicated
    construction work, building and assembly work amounted to 604 bln
    927.7 mln drams, including building and assembly work of production
    facilities of 181 bln 967.6 mln drams. Construction grew by 19.7%,
    building and assembly - by 18.4% in comparable prices in 2007 on 2006.

    8.4% of construction was done at the expense of the state budget, 0.5%
    - the reserve fund of the RA government, 0.1% - community resources,
    0.6% - resources of the World Bank, 2.6% - humanitarian aid, 25.8%
    - private organizations' resources, and 62% - resources of the
    population.
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