Armenian foreign trade deficit grows 21% in H1

Interfax, Russia
July 31, 2006

YEREVAN. July 31 (Interfax) – Armenia’s foreign trade deficit increased
21.2% year-on-year to $513.5 million in the first half of 2006,
a source in the National Statistics Service told Interfax.

Foreign trade increased 12.6% year-on-year to $1.389 billion in
January-June. Exports dropped 0.6% to $437.7 million, while imports
grew 19.9% to $951.2 million.

Foreign trade turnover amounted to $2.79 billion in 2005, up 35.1%
from 2004. The trade deficit was $850 million. tj

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS