// IP Marketing video - START// IP Marketing video - END

Report names low productivity Armenian economy’s weakness

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
20,149 optical-mechanical devices were manufactured in the reporting period against the 3,388 produced in the same period last year.
Yandex and Uber said they will join forces in the six countries to create a new company operating in some 127 cities.
“A more efficient and reliable energy distribution network is important for economic growth in Armenia”, - said Sonali Tang.
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
Partner news