IS THE VOLUME OF BUILDING UP OR DOWN?

KarabakhOpen
13-03-2007 14:53:55

According to the NKR National Statistics Service, in 2006 the volume
of building totaled 17.5 billion drams, which is up by 39.7 percent
compared with 2005. In 2006 47.4 percent of the volume of building
was funded by the government.

Earlier the minister of finance Spartak Tevosyan had reported a 70
percent growth of investments in building in 2006 compared with 2000
as a major achievement. It should be noted that since 2000 the cost
of building has topped 2.5 times or by 150 percent. For instance, the
cost of the construction of a two-room house was 2.9 million drams (3.2
million with a fence), now a similar house costs 8.1 million drams. A
simple calculation reveals that the real volume of construction has
gone down rather than increased. In addition, in 2000 the bulk of
the funds was directed at social programs (houses, village clubs,
etc.) now "grandiose" projects are implemented (for instance, a school
is demolished, and a new school building is built by the same project).