Construction in Armenia contracted by 8.8% in Jan-Oct 2013 to AMD 294.3 billion

Construction in Armenia contracted by 8.8% in Jan-Oct 2013 to AMD 294.3 billion

YEREVAN, December 4. /ARKA/. Construction in Armenia contracted by 8.8% in Jan-Oct 2013, compared with the same period a year before, to AMD 294.3 billion, the National Statistical Service reports. 

Population-paid construction amounted to AMD 82.1 billion in Jan-Oct 2013 after growing 19%, compared with the same period a year earlier, and made up 27.9% of the total amount of this period’s construction.  

The construction carried out at the account of organizations cost AMD 129.4 billion (19.7% year-on-year decline) and accounted for 44% of the total cost of the Jan-Oct 2013 construction. 
AMD 7.3 billion (18.5% growth, 2.5% share) was spent on construction in Jan-Oct 2013 from humanitarian aid. 

The government-paid construction amounted to AMD 44.1 billion - 12% year-on-year decline and 15% share in the total cost of the country’s construction in Jan-Oct 2013.  AMD 8.1 billion or 2.8% was paid by communities (17.6% decline). 

The construction paid from international loans cost AMD 23 billion and made up 7.8% of the total amount spent on construction in Jan-Oct 2013 (12.9% year-on-year decline) – AMD 7463.4 million had been lent by the World Bank, AMD 1675.9 million by the European Bank for Reconstruction and Development, AMD 6471.6 by Asian Development Bank, AMD 5593.0 million by Germany’s KfW and AMD 1864.8 million by other financial organizations. ($1 –  AMD 403.91). ---0-----

15:58 04.12.2013

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