Armenia posts 10,2% growth in gross agricultural production Jan-July 2012

Armenia posts 10,2% growth in gross agricultural production Jan-July 2012

PanARMENIAN.Net - Gross agricultural production totaled AMD 291,5 bln in Jan-July 2012, increasing by 10,2% as compared to the same period of 2011, Agriculture Minister said.

As Sergo Karapetyan told a press conference, over 20% and 2 % growth was recorded in crop and livestock sectors respectively.

“The agriculture sector plays an important role in shaping the country’s GDP. If the share of agriculture in GDP totaled 17% in 2010, already in 2011 it grossed 20.2%,” he said, stressing the importance of agriculture sector in boosting exports.

Minister Karapetyan further noted that the export volume grew by 13% in January-July 2012, with 55,7% growth reported in exports of agricultural products.

 Top stories
In January-October 2014, the country’s exports totaled $1.250 billion, up %2.9 from last year, National Statistical Service said.
As a consulting partner, offering an extensive range of financial assistance, Ameriabank is financing a developing sector of industrial agriculture.
The mining right was granted to Geoteam CJSC, Lydian's 100% owned subsidiary, by the Ministry of Energy and Natural Resources.
Novak said the recent sanctions against Russia will not affect Turkey’s first nuclear plant, which is being built by Russian Rosatom.
Partner news