ARMAVIR PROVINCES TO RAISE $23 MILLION FROM LAND SALE
ArmenPress
Oct 14 2004
YEREVAN, OCTOBER 14, ARMENPRESS: State subsidies to the province
of Armavir rose from 29 million Armenians drams in 1998 to 142
million drams in 2004, which, according to the province’s governor,
Albert Heroyan, is an apt illustration of real economic growth.
Another indication of the robust economic growth, according to the
governor, is a significant increase in teachers’ wages which have
risen to 30,000 drams (approximately $60).
Heroyan said the sale of some 14,000 hectares of formerly state
reserve lands in the province will bring some $23 million to the
provincial budget.. He said more than 1,000 hectares of that land
was already auctioned and the raised proceeds, according to the law,
will go for improvement of local infrastructure facilities, health
and education sectors.
The governor also said many families that had chosen to leave the
provinces are now coming back. “We are planning to build three blocks
of apartments for them,” he said.