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 | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |