Armenia's GDP growth beats expectations
RBC, 29.01.2007, Yerevan 12:52:10.Armenia's GDP grew 13.4 percent in 2006, the Armenian government's press office announced citing data from Economy Minister Karen Tchshmarityan's report. Meanwhile, experts had projected a 4.5-percent GDP growth in 2006.
According to the report, several economic indicators were up in Armenia in 2006. Hence, foreign trade soared 115.2 percent to some $3.198bn compared to 2005. Foreign investment surged 31.8 percent in the first nine months of 2006.
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
According to the report, several economic indicators were up in Armenia in 2006. Hence, foreign trade soared 115.2 percent to some $3.198bn compared to 2005. Foreign investment surged 31.8 percent in the first nine months of 2006.
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
Labels: Armenia - Economy
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