Tweet
Vestnik Kavkaza, Russia
Aug 23 2012
Armenian Deputy Minister of Finance: Armenian economy is more
diversified than before crisis
The Armenian economy is today more diversified than it was before
theworld financial crisis, Deputy Minister of Finance VardanAramyan
said, ARKA reports.He noted that before the crisis some of the
capitalconstruction in the economic growth was too high, but now it
yields tothe more important sectors of agriculture and industry.In
January-July 2012, compared to the same period in 2011, economic
activity in Armenia increased by 7.7%. According to the Ministry
ofFinance, this is connected to the growth in industry (13.4%)
andagriculture (10.2%). In addition, exports increased by 13%.He
acknowledged the growth of poverty in the country, noting,
however,that it is lower than often represented. He also mentioned the
growthof salaries in the private sector and the decline of
unemployment,although he did not mention the sources of this
data.According to the World Bank, the level of poverty in Armenia is
35%compared to 23% in 2010. According to the budget, Armenian GDP in
2012 should grow by4.2%.
Aug 23 2012
Armenian Deputy Minister of Finance: Armenian economy is more
diversified than before crisis
The Armenian economy is today more diversified than it was before
theworld financial crisis, Deputy Minister of Finance VardanAramyan
said, ARKA reports.He noted that before the crisis some of the
capitalconstruction in the economic growth was too high, but now it
yields tothe more important sectors of agriculture and industry.In
January-July 2012, compared to the same period in 2011, economic
activity in Armenia increased by 7.7%. According to the Ministry
ofFinance, this is connected to the growth in industry (13.4%)
andagriculture (10.2%). In addition, exports increased by 13%.He
acknowledged the growth of poverty in the country, noting,
however,that it is lower than often represented. He also mentioned the
growthof salaries in the private sector and the decline of
unemployment,although he did not mention the sources of this
data.According to the World Bank, the level of poverty in Armenia is
35%compared to 23% in 2010. According to the budget, Armenian GDP in
2012 should grow by4.2%.