GDP GROWTH IN ARMENIA RECORDED AT 10.3 PERCENT

ARKA
Aug 5, 2008

YEREVAN, August 5. /ARKA/. GDP growth in Armenia was recorded at 10.3
percent at the first half of 2008.

This is the third highest result in Commonwealth of Independent States.

The CIS Statistical Committee says that Azerbaijan showed the highest
rate of GDP growth – 16.5% and Tajikistan the lowest rate – 5.8%.

According to the statistical report, CIS economic growth averaged
8 percent.

Belarus with its 10.4 percent follows Azerbaijan. Russia’s economic
growth was recorded at 8.2%.

Kazakhstan’s economy grew 4.4% (on basic kinds of economic activity),
Uzbekistan’s rose 9.3%, Ukraine’s 6.3%, Data on Georgia (9.3%) and
Moldova (4.3%) for the first quarter is available. Data on Turkmenistan
is not available at all.