 Real estate still in demand in ArmeniaSeptember 9, 2009 - 16:46 AMT PanARMENIAN.Net - "Real estate is still in demand in Armenia," International Monetary Fund representative in Armenia, Nienke Oomes stated. "Lots of people in Armenia wish to have good accommodation," she stated.At the same time, other spheres of economy also need developing, as RA economy was too dependent on construction sphere. According to Oomes, real estate sector in rather unstable, with purchase and sale depending on real estate price fluctuations. RA economy has registered some tendencies towards restoration, which is proved by July 2009's moderate price growth for construction works. In this context, Oomes added that currently construction share in GDP is fixed at 14,1%, while during the first 7 months of 2009 it comprised 18,5%.   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 |  Related sections Latest news Concept to complete Yerevan Cascade discussed at city hall  A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte.Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province.€3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms.Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |
