ARMENIA’S ECONOMIC GROWTH 9.4% IN JANUARY-FEBRUARY 2007

RIA Novosti, Russia
March 20 2007

YEREVAN, March 20 (RIA Novosti) – Armenia’s economic growth between
January and February 2007 stood at 9.4%, while the country’s GDP
totaled 186,8 billion drams ($519.1 million), the national statistics
service said Tuesday.

For the period under review, consumer prices rose 5.1%, year-on-year.

Armenia’s industrial product prices were down 0.9%, its volume of
industrial output was 99%, while its trade totaled 199 billion drams
($552.6 million), up 51.5% compared to the same period in 2006.

Last year, the country’s economic growth was 7%. In line with Armenia’s
2007 budget, GDP growth is expected at 9%, compared with 13.4% in 2006,
and inflation should be 4%.