10.1% GDP GROWTH RECORDED IN ARMENIA IN JAN-FEB

ARKA
April 4, 2008

YEREVAN, April 4. /ARKA/. A 10.1% increase in Gross Domestic Product
(GDP) was recorded in Armenia in January-February as compared with the
same period of last year. This is the second result in CIS countries
covered by the report of CIS Statistical Committee.

High economic growth indicators are maintained by Azerbaijan – 13.4%.

Relatively lower is the economic growth rates recorded in Tajikistan
– 1.8%.

According to the CIS, Statistical Committee, the average economic
growth was 8% in the Commonwealth of Independent States (CIS).

According to the report, the following countries come after Azerbaijan
and Armenia in GDP growth: Belarus – 9.9%, Russia – 9.2% (as per
economic activity types), Kyrgyzstan – 7.2%, Ukraine – 5.8%.

Only data of 2007 against 2006 are provided for Georgia (12.4%),
Uzbekistan (9.5%), Kazakhstan (8.5%), and Moldova (3%). No information
is provided on Turkmenistan.