Interfax
April 19 2004

Armenian industrial production up 10.5% in Q1

Yerevan. (Interfax) – Industrial production in Armenia in the first
quarter 2004 increased 10.5% year-on-year to 69.5 million dram, not
including industrial production in the electricity sector, Economic
Development and Trade Minister Ashot Shakhnazarian told journalists.

He said that the mining and diamond cutting industries accounted for
the largest share in industrial production in the reporting period.

The minister said that exports of industrial products from Armenia
increased 27% year-on-year to amount to 43.2 million dram in the
first quarter this year.
The official exchange rate on April 16 was 558.16 dram to the dollar.