AUTOMOBILE MARKET IS ONE OF MOST QUICKLY GROWING IN ARMENIA

ArmInfo News Agency, Armenia
Nov 2 2006

According to the data of the National Statistical Service of Armenia,
a retail turnover of goods of Armenia has increased by 16,1% within 9
months, 2006, as compared with the similar period, 2005, and made to
1,052 trl drams. The automobile trade has grown most of all (by 34,2%)
and made up 48,646 bln drams. The scope of specialized automobile
trade includes the cost of sale of spare parts and component parts,
as well as technical inspection and repair of cars.

The volume of services rendered has increased by 22,1% to 338,881
bln drams within the reporting period. The retail trade has raised
by 10,9% to 536,274 bln drams.

To be noted, 85,5% or 458,369 bln drams of the total volume of
retail trade fell to the share of Yerevan. At that, the volume of
retail trade in the capital has exceeded the average indicator per
country 2,5 times. 1104.2 thsd people live in Yerevan, while 3220.0
thsd people – in the Republic in whole.