ARMENAL posts 3.7% production drop in 2012 first half

ARMENAL posts 3.7%  production drop in 2012 first half

PanARMENIAN.Net - Yerevan foil rolling plant ARMENAL produced 12 630,1 tons of foil in the first half of 2012, decreasing by 3.7% as compared with the same period last year.

Drop in production is conditioned by last winter’s unfavorable weather conditions in Black Sea ports, causing difficulties for ARMENAL to import raw materials from RUSAL factories.

According to Armenia’s State Revenue Committee, in Jan-June 2012 ARMENAL replenished RA budget with AMD 672,85 mln, increasing by 11,1% as compared to the last year’s index. Payments to Armenia State Social Security Fund grew by 12,0% to total AMD 137,85 mln, the company’s press service reported.

In 2012 first half year, average salary increased by 5% to total AMD 262 105

 Top stories
Iran’s Alireza Kameli said that an average of one million cubic meters of natural gas is currently being exported to Armenia.
According to Minister Yervand Zakharyan, about $220 million will be invested in the project; the agreement will be signed within four months.
Maufacturing of tobacco products increased by 49.1% to AMD 94 bn, with production of jewelry also climbing 61% to AMD 18 bn.
Net inflow of remittances to Armenia in the reporting period amounted to approximately $891,4 million, down by 35.8% remitted in 2014.
Partner news