ARMENIA’S FOREIGN TRADE TURNOVER IN JANUARY-FEBRUARY OF 2007 INCREASED BY 51,5%, THUS MAKING OVER $552MLN

Mediamax News Agency, Armenia
March 20 2007

Yerevan, March 20 /Mediamax/. The foreign trade turnover of Armenia
in January-February of 2007 totaled 199.0bln drams or $552.6mln,
having increased by 51,5% as compared to the same period of 2006.

As the press service of the National Statistical Service of Armenia
told Mediamax today, the export volume during the accounting period
made 48.6bln drams or $135.2mln, and the import volume totaled 150.4bln
drams or $417.4mln.

The deficit of the foreign trade balance in January-February of 2007
stood at 101.8bln drams or $282.2mln.