ARMENIAN OFFICIALS MORE "EXPENSIVE" THAN EDUCATIONISTS

news.am
May 6 2010
Armenia

The RA Statistical Service recently reported that the nominal average
monthly salary in Armenia was 100,974 AMD this January-February –
an annual rise of 105.5%.

The highest monthly salary was registered in the financial sector –
260,400 AMD or 2.6-times as high as the average monthly salary in
Armenia. The average monthly salary in the minerals industry was
182,400 AMD (1.8 times as high as the average salary in Armenia).

Interestingly, the average monthly salary in the processing industry
(its surplus product is more, with other things being equal) is
1.8 times as low as in the minerals industry. The latter is mainly
represented by companies with foreign capital, while the former is
mainly local business.

Much lower salary rates are in the fishing and fish-breeding companies
(55,800 AMD or 55.3% of the average monthly salary), hotels and
restaurants (rather profitable businesses) – 77,900 AMD or 77.1%
of the average salary and utilities industry (77,100 AMD or 64.5%).

The average monthly salary in the education sector is 75,500 AMD or
74.8% of the average index. On the other hand, officials’ average
monthly salary is 1.6 times as high.