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Time in Yerevan: 11:07,   28 March 2024

Armenian industry sector has significant growth in first half of 2016

Armenian industry sector has significant growth in first half of 2016

YEREVAN, JULY 15, ARMENPRESS. The Industry field of the Armenian economy has a double-digit growth in the first half of 2016, Economy Minister Artsvik Minasyan said during a briefing.

“The National Statistics Service will present the final figures in about six days, however out monitoring has showed that there is growth in different fields. In particular, the growth of Armenia’s industrial production amounted 10%, mining – 20 %, processed industry – 14%, energy production – 12 %”, the minister said.

According to him, significant growth is seen in food and beverage production. The largest growth was registered in the diamond processing field, which amounted 260%, which was exported.

The Minister said the growth is a result of the state’s policy, which assists newly formed companies.

Minister Minasyan urged reporters in case of noticing any kind of corruption activities or problems in the ministry’s entities to inform the ministry immediately. 








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