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Industrial Production Declines By 4.7% In Armenia In First Quarter

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  • Industrial Production Declines By 4.7% In Armenia In First Quarter

    INDUSTRIAL PRODUCTION DECLINES BY 4.7% IN ARMENIA IN FIRST QUARTER

    Noyan Tapan
    May 02 2006

    YEREVAN, MAY 2, NOYAN TAPAN. In January-March 2006, industrial
    production of 137 bln 928.1 mln drams (about 306.5 mln USD) was
    manufactured in Armenia in current prices, industrial production of
    139 bln 741.2 mln drams was sold, including that of 10 bln 123.9 mln
    drams in CIS countries, and production of 32 bln 811.5 mln drams -
    in other countries. According to the RA National Statistical Service,
    the physical volumes of industrial production declined by 4.7% compared
    with January-March 2005, while production without diamonds made 137
    bln 271.1 mln drams, growing by 1.1%. A 4.3% decline in production
    was registered in industry without production and distribution
    of electricity, water and gas. Over the indicated period of 2006,
    processing industry accounted for 60.6%, mining industry - for 16.1%
    and the production and distribution of electricity, water and gas - for
    23.3% of the total amount of industrial production. The food industry
    accounted for 47.3%, metallurgy - for 28.9%, non metal production -
    for 5% of the production of processing industry. 43.7% of industrial
    production was made in Yerevan, 18.3% - in Syunik marz, 10.6% -
    i Kotayk marz, 7.5% - in Ararat marz and Lori marz each. Small and
    very small organizations prevailed in the total number of industrial
    enterprises. with small ones accounting for 42.2% and very small
    organizations - for 46%. These very small and small organizations,
    which make up 88.2% of the total number, manufactured 11.5% of the
    total production, whereas large organizations, which make up 7.6%
    of the total number of organizations, account for 85.5% of the total
    amount of industrial production. 2,185 industrial organizations employ
    74,579 people. The production of very small enterprises with up to 5
    employees declined by 54.5% compared with the same period of last year,
    and production of enterprises employing 10 and more employees declined
    by 6.3%. This index grew by 14.9% in small enterprises with 6-50
    emloyees and by 7.1% in medium-size enterprises with 51-100 employees.
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