Armenia’s Economic Activity Index In Q1 , 2010 Improves By 38 Percen

ARMENIA’S ECONOMIC ACTIVITY INDEX IN Q1 , 2010 IMPROVES BY 38 PERCENT

ARKA
March 16, 2010

YEREVAN, March 16, /ARKA/. Armenia’s economic activity index in the
first quarter of 2010 increased by 38.4% from Q4, 2009, to 57.8%,
the Central Bank of Armenia said in a press release. It said economic
activity index grew by 20% year-on-year.

The Central Bank said also business environment index improved by 5.8%
from Q4, 2009 to 46%, while consumer confidence index rose by 6.3%
to 46%.

The figures are based on a series of surveys conducted by the Central
Bank randomly among 863 companies dealing with industry, construction
and services and 1821 households in Yerevan and all 10 provinces. The
surveys were made by Internet, telephone, letters and fax to calculate
the economic activity and business environment and consumer confidence
indexes.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS