GDP INDEX EXCEEDS EXPECTATIONS, PM SAYS

PanARMENIAN.Net
April 12, 2010 – 11:25 AMT 06:25 GMT

RA Prime Minister Tigran Sargsyan stated that Armenia has registered a
high economic index in the 2010 first quarter, exceeding expectations
2.5 times.

"This became possible due to the government’s proper economic policy
during the crisis," PM Sargsyan said during a joint meeting of the
RA and NKR governments in Stepanakert. "The year of 2009 was the
hardest for Armenia. The construction industry – the engine of the
Armenian economy – was severely damaged. With the amount of private
investments significantly reducing, Armenia launched an extensive
policy, spending credits issued by strategic partners on construction
of roads, water-supply systems and dwelling houses."

He also said that pensions and benefits raised by 16% and 15%
respectively.

From: Emil Lazarian | Ararat NewsPress