Armenia's construction sector records highest growth across Eurasian Economic Union

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26.06.2023, 09:39

Armenia's construction sector recorded the highest growth rate in January-April 2023 among several former Soviet republics, which make the Eurasian Economic Union (EEU).

Armenia's construction sector records highest growth across Eurasian Economic Union

YEREVAN, June 26. /ARKA/. Armenia's construction sector recorded the highest growth rate in January-April 2023 among several former Soviet republics, which make the Eurasian Economic Union (EEU).

The country's construction industry grew by 36.0% in the first 4 months of this year, while Kazakhstan's construction industry grew by 15.4%, that of Kyrgyzstan by 8.7%; Russia's construction market grew by 7.4% and that of Belarus by 3.3%, according to the Eurasian Economic Commission (EEC) data.

The average growth rate within the EEU was 7.8%.

According to Armenia's National Statistical Service, the country's construction sector grew by 16% up to 94.9bln drams during the 4 months of the year. Construction of housing accounted for 53.7% of the total. Construction of electricity, natural gas, steam and air conditioning facilities accounted for 10.6% and construction of transport facilities accounted for 5.5% of the total. --0

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