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Production Of 23 Incompleted Films Finished At Hayfilm And Hayk Film

PRODUCTION OF 23 INCOMPLETED FILMS FINISHED AT HAYFILM AND HAYK FILM STUDIOS IN 2005

Noyan Tapan
May 22 2006

YEREVAN, MAY 22, NOYAN TAPAN. Production of 23 out of the 29 films
made at Hayfilm and Hayk state film studios in 2001-2005 was finished
in 2005. The production of the remaining 6 incompleted films is in
progress at Hayfilm, and it is envisaged to complete this process
this year. According to the RA National Statistical Service, the
total production cost of the completed films makes 381.4 mln drams
(abouit 854 thousand USD). 65.9% of the total production costs or
251.3 mln drams was incurred in 2005. The revenues of the above
mentioned film studios in 2005 amounted to 552.4 mln drams, 480.2
mln drams of which was received from the RA state budget. The total
financial expenditures of the two film studios made 551.1 mln drams.

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