Armenia's GDP in January-September fallen 18.3 per centOctober 20, 2009 - 17:19 AMT PanARMENIAN.Net - Over the nine months of 2009 GDP of Armenia decreased by 18.3 per cent to $ 2 trillion 123 billion AMD, the RA National Statistical Service published. Armenia's economy showed some trends of stabilization, since GDP over the first 7 months fall by 18.5 per cent, over the eight months - by 18.4 per cent. The biggest decline in Armenia's economy was observed in construction industry: by 53.8 per cent. The volume of industrial production in the country in January-September 2009 reached 459.694 billion AMD, 11.4 per cent less down compared to the same period of 2008. The decline in agriculture averaged 2.3 per cent, while in the service industry - 1.8 per cent. 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 | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |