  Employers’ Union chief: export structure weakly diversified in Armenia July 13, 2012 - 15:43 AMT PanARMENIAN.Net - The structure of Armenian export has remained unchanged for many years, the major share of exports including metal mining industry products, alcohol, gold and diamonds, according to the head of the Republican Union of Employers of Armenia. As Gagik Makaryan told a news conference in Yerevan, the representatives of small and medium businesses stay outside the structure, unwilling to face export-related difficulties. According to Makaryan, similar situation can be observed in Kazakhstan, Uzbekistan and Kirghyzia, the courtiers which also have weakly diversified export structure. Armenia’s foreign trade turnover totaled $488.2 mln (AMD 193.8 bln.) in May 2012 increasing by 3,1% compared to the same period in 2011, according to updated statistical data. Export amounted to $122.2 mln (AMD 48,6 bln.) in May 2012, increasing by 33% on a monthly basis, while 15,2% growth was recorded in import as compared to May 2011, bringing it to $366 bln.(AMD 145,2 bln.), the RA National Statistical Service reported. Partner news  Top stories IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices. Edmon Manukyan been addressed by the residents of Armavir and Aragatsotn provinces whose crops have been damaged over a strong hail.   Partner news |  Latest news Lavrov: opposition must attend Syria conference without preconditions  The Russian FM also reiterated that Iran must be among nations invited to the conference that Russia and the U.S. are trying to organize.2 killed, 20 injured in Turkey hot-air balloon crash One ascending balloon was torn open as it hit the basket of another, and then plunged to Earth, witnesses said.Russia, Peru to ink MiG-29 jet upgrade contract Russia completed a $20-million upgrade last year for Peru's Russian-built Mi-25 attack helicopters.Gunman kills 4, self in Israeli bank after refused overdraft Police initially described the incident as a robbery but later said the assailant appeared to have known his victims. |
