GROWTH ON THE BACKGROUND OF JOB REDUCTIONS

A1plus

| 20:33:47 | 13-06-2005 | Regions |

During the first three months of the year 2005 in the Shirak region a
growth of the volumes of the industrial goods has been recorded. By the
acting 67 companies goods of about 3 billion drams have been exported,
and those of 2 billion 962 million drams have been sold. The growth of
production and selling volumes has been recorded in the electric power,
water, and gas fields. Despite the fact that almost no contraction
work has been done this year, the mining indices have not been reduced.

In contrast to industry, reduction has been recorded in the light
industry field. The textile plant which had been working lately ceased
to work because of the absence of the raw material. The jobs have
been reduced for 7%. According to the TV Company «Tsayg», Hovsep
Simonyan, head of the financial and social administration of the
Shirak regional government, explains the reduction by the unfavorable
weather conditions in winter months.

–Boundary_(ID_bcfgqhVmkKKfXpIW0iuB4w)–