Armenia’s construction in eight months grows by 0.4 percent to 198.3 billion drams
14.10.2014,
17:05
In the first eight months of 2014 Armenia’s construction sector saw a 0.4 percent growth from the year earlier to 198.3 billion drams, according to the latest numbers, released today by the National Statistical Service (NSS).
YEREVAN, October 14. / ARKA /. In the first eight months of 2014 Armenia’s construction sector saw a 0.4 percent growth from the year earlier to 198.3 billion drams, according to the latest numbers, released today by the National Statistical Service (NSS).
Individual construction accounted for 41.3 billion drams or 20.8% of the total construction, NSS said. It was down 28.3% from the year before.
Corporate-financed construction amounted to 93.7 billion drams or 47.3 of the total construction (up 3.8%). Another 3.4 billion drams worth construction was financed by humanitarian assistance. It was 7.6 percent down from the year earlier.
Government-financed construction was worth 27.8 billion drams or 14% of the total construction (a growth of 2.5%). Another 13 billion drams worth construction or 6.6% of the total (a growth of 90 times) was financed by communities.
Also some 3.7 billion drams worth construction was financed by a World Bank loan, another 3.6 billion drams worth construction was financed by an EBRD loan, 10.2 billion drams worth construction was financed by the Asian Development Bank, and 1.1 billion drams worth construction was financed by the German Development Bank (KfW).
Overall, construction financed by international loans grew by 60 percent to 18.9 billion. ($1 – 412.51 drams). —0-
