Armenian construction slashed further by 8.5 percent in 2013

Armenian construction slashed further by 8.5 percent in 2013

YEREVAN, January 14 . / ARKA /. Construction in Armenia in January- November 2013 slashed by 8.5 percent from the year before to  356.5 billion drams, according to the latest numbers released today by the National Statistical Service.

Of that amount 98.8 billion drams or 27.7% of the total construction amount was financed by individuals.  That amount  was up 20.2 % from the year before.

Some 156.27 billion drams worth construction or 43.8% of the total volume (down 18.7%)  was financed by companies and organizations,  8.7 billion drams or 2.5% (an increase of 30.7 %)  was funded by charity donations,  55.7 billion drams or 15.6% (down 8% ) was financed by the government and 8.7 billion drams or 2.5% (a decline of 45.2 %) by communities.

Some 28.2 billion drams or 7.9% (down 13.3%) worth construction was financed by loans from World Bank,  EBRD, the Asian Development Bank, the German Development Bank (KfW)  and others. ($ 1 - 408.16 drams). -0-

15:35 14.01.2014

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