ARMENIAN GDP GROWS 10.6% IN 5 MTHS

Interfax News Agency
Russia & CIS Business and Financial Newswire
July 4, 2006 Tuesday 2:55 PM MSK

Armenian GDP grew 10.6% year-on-year in the first five months of
2006 to 567.134 billion dram (418.28 dram/$1 on July 4), the National
Statistics Service told Interfax.

Industrial output fell 1.9% to 242.235 billion dram, but agricultural
output rose 2% to 84.185 billion dram.

Armenia’s foreign trade deficit grew 20.3% to $429.2 million in the
five months.

Foreign trade turnover rose 9.7% to $1.107 billion. Exports fell 4.6%
to $339.1 million, but imports grew 17.4% to $768.3 million.

The budget calls for GDP growth of 7.5% in 2006 as a whole. The
economy grew 13.9% in 2005.