ARMENIAN ECONOMY GROWS 9.4 PERCENT IN JANUARY AND FEBRUARY

ARMENPRESS
Mar 21 2007

YEREVAN, MARCH 21, ARMENPRESS: 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.

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.

In line with Armenia’s 2007 budget, GDP growth is expected at 9%,
compared with 13.4% in 2006, and inflation at 4%.