CONSTRUCTION GROWS BY 79.7% IN ARMENIA IN JANUARY 2008 ON SAME MONTH OF 2007

Noyan Tapan
March 13, 2008

YEREVAN, MARCH 13, NOYAN TAPAN. Construction work of 7 bln 35.5 mln
drams (over 22.9 mln USD), including building and assembly work of 5
bln 404.2 mln drams, was done in Armenia in January 2008. Construction
grew by 79.7%, building and assembly work by 75.9% in comparable
prices as compared with January 2007.

According to the RA National Statistical Service, 5.3% of construction
was done at the expense of state budget, 0.4% – with community
resources, 2.1% – at the expense of the World Bank, 5.1% – with
humanitarian aid, 68.9% – with resources of private organizations,
and 18.2% – with resources of the population.

From: Emil Lazarian | Ararat NewsPress