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Interfax, Russia
Dec 26 2012
Industrial output in Armenia grows record 10% in 2012
YEREVAN. Dec 26
Industrial output in Armenia will amount to 10% for this year, the
republic's Economy Minister Tigran Davtian said during a Wednesday
press conference.
The country has not seen that much growth since it gained its
independence in 1991, Davtian said.
"It is heartening that the real sector of the economy is developing at
advanced rates. We have not had such growth in all of the post-Soviet
period," he said, adding that this high growth rate will persist into
next year, without providing specific forecasts.
Industrial output topped 1 trillion dram in January-November this
year, with growth of 9.1% compared with the same period of last year.
Davtian noted that GDP growth this year is expected at 7% instead of
the planned 4.2%.
The official exchange rate for December 26: 403.13 dram/$1.
Dec 26 2012
Industrial output in Armenia grows record 10% in 2012
YEREVAN. Dec 26
Industrial output in Armenia will amount to 10% for this year, the
republic's Economy Minister Tigran Davtian said during a Wednesday
press conference.
The country has not seen that much growth since it gained its
independence in 1991, Davtian said.
"It is heartening that the real sector of the economy is developing at
advanced rates. We have not had such growth in all of the post-Soviet
period," he said, adding that this high growth rate will persist into
next year, without providing specific forecasts.
Industrial output topped 1 trillion dram in January-November this
year, with growth of 9.1% compared with the same period of last year.
Davtian noted that GDP growth this year is expected at 7% instead of
the planned 4.2%.
The official exchange rate for December 26: 403.13 dram/$1.