YEREVAN, January 14. /ARKA/. Armenian economy has good prospects for development, the chief of the Union of Domestic Producers of Armenia Vazgen Safaryan said Monday.
“2012 was successful, particularly, it refers to the industrial sector. The industrial output exceeded 1 trillion drams,” Safaryan said at a news conference.
According to him, Armenia is expected to post 10% industrial growth in 2012, and the share of industry in GDP may reach 20%. The economic advance at 7% is a good result, according to Safaryan.
Armenia’s Prime Minister Tigran Sargsyan stated in his New Year and Christmas congratulatory message to his compatriots that Armenia posted 7% economic growth in 2012.
During an extraordinary Cabinet meeting June 18, President Serzh Sargsyan said the government should work to secure a 7% GDP expansion this year, up from the government-projected 4.2 percent. In 2011 Armenia’s economic expansion was 4.6 percent. —0-