Steady Growth Observed in Armenia’s Industries

YEREVAN (Noyan Tapan)–Armenia’s Ministry of Industry and Trade department of operative information reported that products worth 24,258,234 drams were turned out in Armenia’s ten industrial branches during the first six months of 1998. This is 103.44 percent of the volume produced during the corresponding period last year.

According to earlier published data–the growth of industrial output totaled 3.2 percent.

The index of industrial growth was ensured due to the growth in production of building materials by 97.86 percent–the mining and smelting industry – by 28.67 percent–the light industry – by 23.15 percent; the radioelectronics and instrument-making industries – by 20.02 and production at scientific enterprises – by 3.80 percent. As compared to the same period last year volumes of production decreased: by 40,43 percent at specialized enterprises; by 27.79 percent in gold and diamond production; by 20,71 percent in electronics and machine-building production; by 1.13 percent in the chemical industry.

Volumes of production in branches are of the following picture: the chemical industry – 2682.846 million drams; the mining industry–5377.296 million drams; the diamond and gold industry–6529.457 million drams; building materials–2445.117 million drams; radioelectronics and instrument-making–882.242 million drams; electronics and machine-building–1676.139 million drams; the light industry–3945.755 million drams; specialized enterprises–103.254 million drams; scientific enterprises–56.574 million drams; trade–559.555 million drams.

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