RosBusinessConsulting Database
November 2, 2004 Tuesday

Armenian industrial production up

Armenian industrial production gained 1.6 percent to $692.8m in January
to September 2004 in comparison to the same period in 2003. Industrial
products totaling $683.8m were sold in the reported period including
$63.3m in the CIS and $185.8m in other countries. According to the
country’s National Statistics Service, the volume of industrial
production decreased by 1.1 percent in September this year.

The chemical industry advanced considerably in January to September
2004, namely by 175.5 percent against January to September 2003.
Armenian energy companies produced 4.4787bn kWh in the first nine
months of this year, which was a 9-percent increase against the
corresponding period in 2003. A noticeable decline was reported in
jewelry production (84.2 percent).