Report names low productivity Armenian economy’s weaknessApril 18, 2012 - 14:36 AMT PanARMENIAN.Net - Chairman of Economy and Values Armenian Research Center dubs productivity low level as one of the weakest points of the Armenian economy. During presentation of National Competitiveness Report of Armenia 2011-2012 Manuk Yergnyan pointed out financial intermediation, mining and construction industries as the most productive areas, which comprises only 9% of the total number of the country’s employees. “Agricultural sector with about 40% of employees is the least productive, so are service industries,” he said, adding that Armenia’s productivity growth rate from 2005-2010 totaled 17%. National Competitiveness Report of Armenia 2011-2012 has been prepared by Economy and Values Research Center through support of CAPS/USAID program, VivaCell-MTS, STAR trade network, German Society for International Cooperation (GIZ) and Federal Ministry for Economic Cooperation and Development (BMZ). Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |