CONSTRUCTION NAMED THE ENGINE OF ARMENIAN ECONOMIC GROWTH

PanARMENIAN.Net
18.02.2009 15:41 GMT+04:00

/PanARMENIAN.Net/ Armenian Prime Minister Tigran Sargsyan met Wednesday
with representatives of private construction firms to discuss prospects
of cooperation under the global economic crisis.

The meeting was also attended by Ministers of Finance and Urban
Planning, Mayor of Yerevan and Chairman of the State Revenue Committee.

"Construction is the engine of Armenian economic growth," the Prime
Minister said.

According to statistical data, the volume of construction works in
Armenia has increased by 9,8% and totaled AMD 518075,0 million.

The entrepreneurs voiced their concerns over the decrease in price
for real estate and touched upon problems in investment policy.

On completion of the meeting, PM Sargsyan stressed the importance to
develop the mortgage market and to accomplish construction works in
the 1988 earthquake zone.

From: Emil Lazarian | Ararat NewsPress