Armenia’s construction sector expected to record growth, prime minister says

ARKA, Armenia

Aug 11 2017

YEREVAN, August 11. /ARKA/. Construction was and remains one of the most important sectors of the Armenian economy, prime minister Karen Karapetyan said at an event timed to the Day of the Builder. "According to our forecasts, in October we will approach a figure that will supplement the pace of the past years, and by the end of the year we will have growth in the construction sector," Karapetyan said. The press service of the government quoted him as saying that in the first half of 2017 there were two lagging sectors of economy: construction and agriculture.

"Numerous construction projects have already started in the capital city and in the regions. The available statistics is quite interesting and encouraging. We are ready to create additional favorable conditions for the builders and FOR the development of the economy. Regarding the construction sector, we have clear trends, and we are sure that we will have progress in terms of increasing the pace of construction," the head of THE government said.

Karapetyan added that his government closely follows the statistical indicators and is confident that the country is on the right track.

According to the National Statistical Service, construction sector in the first 6 months of 2017 slashed by 10% year-on-year to 111.7 billion drams. In June alone construction decreased by 4.4% from the year ago to 33.1 billion drams. ($ 1 – 478.75 drams). -0-