CONSTRUCTION IN ARMENIA GROWS BY 19.2% IN JANUARY-JULY 2007 ON SAME MONTHS OF 2006

Noyan Tapan
Sep 3, 2007

YEREVAN, SEPTEMBER 3, NOYAN TAPAN. Construction of 253 bln 976.5 mln
drams (about 725 mln USD) was done in Armenia in January-July 2007,
including construction of production facilities of 89 bln 292.1 mln
drams. Out of this amount, building and assembly work made 226 bln
941.6 mln drams.

According to the RA National Statistical Service, the volume of
construction grew by 19.2% in January-July 2007 on the same period
of last year, including 21.7% growth in building and assembly work.

In January-June 2007, 58% of construction work was done at the expense
of the population, while the rest – with funds of organizations.