YEREVAN, March 27. / ARKA /. Despite a downturn in the first two months of the year, Armenia’s overall industrial output is expected to grow by 7% in 2014, economy minister Vahram Avanesyan said at a press conference today after a Cabinet session.
He said the government expects a significant growth in mining and food productions by the yearend.
According to him, production of food is expected to see a more than 5% growth, while the overall industrial output will grow by more than 7 %.
The minister said the fall recorded in the first two months in mining and food industries was not unexpected being seasonal.
"In this sense, the decline was expected, and I can say that in March we expect poor numbers," he said.
According to the National Statistical Service, the industrial production in 2013 amounted to 1.240.5 trillion drams, having increased by 6.8% from the previous year. -0 -