YEREVAN, January 29. /ARKA/. Armenia’s industry growth stood at 8.8% in 2012, head of parliament commission for finance, credit and budget issues, member of the ruling Republican Party of Armenia Gagik Minasyan told journalists Saturday.
“The government picked some 11 fields where we had better exporting opportunities, and the projects implemented in those fields are now providing positive results,”, Minasyan said.
On December 15 2012, the government approved an export-oriented industry strategy that included three stages. The strategy provides for certain development concepts for all 11 fields. The concepts for cognac production, pharmaceuticals and precise machine building have already been developed.
The processing industry is also an important part of the Armenian industry, and some new fields such as light industry and wine-making will be included in the strategy in future, Minasyan said.
Earlier, Armenian minister of economy Tigran Davtyan stated that industry output will, for the first time, exceed one trillion drams in 2012. He also said that industry growth would stand at 9.2% in 2012 and that industry’s share in the GDP had considerably increased over the last years.
“We aimed at improving this relation considerably and bring it to 20-21% of the GDP at minimum. It has growth over the last years, and if before it was 12-13%, now it is approaching 20%. This makes our economy more balanced and logical. Armenia should be a producing and exporting country”, Davtyan said. ($1=406.29drams). -0-