ARMENIA REVEALS GDP GROWTH ESTIMATE

RosBusinessConsulting, Russia
Dec 26 2006

RBC, 26.12.2006, Yerevan 19:57:28.GDP growth will amount to no
less than 13.5 percent in Armenia in 2006, ARKA News Agency quoted
the republic’s Economy Minister Karen Tchshmarityan as saying. In
January-November, Armenia’s GDP rose 13.2 percent, he said. The
minister attributed this advance to an increase in the country’s
industrial production.

Investment in Armenia’s real economy, excluding state-backed credit,
will exceed $400m in 2006, which is a 20-25 percent increase on the
year before. Investment went chiefly to such sectors as transport,
telecommunications, and the mining and metallurgy industries,
Tchshmarityan stressed.