Armenia ranks as second CIS state registering low prices on consumer productsAugust 18, 2009 - 12:48 AMT PanARMENIAN.Net - As of the first half of 2009, Armenia ranks as the second CIS state registering a low GDP and high prices on consumer goods. Armenian economy reduced its volumes by 16.3%. The highest GDP fall in comparison with last year was observed in Ukraine (20.3%). Russia came as the third country in the list (13.4%), following Armenia.GDP fall was observed in almost all CIS countries, including Moldova (6.9%), Georgia (5.9%), Kazakhstan (4.1%) etc. Economic growth in the above period was registered in Uzbekistan (8.2%), Azerbaijan (3.6%), Kyrgyzstan and Belarus (0.3%). In the meantime, industrial production volumes were reduced in all countries, except Azerbaijan and Uzbekistan. In Russia and Ukraine, they fell by 31.1% and 14.8% respectively. Ukraine also tops the list of countries registering high prices on consumer products (17.6% for the first half of 2009). The second and third countries in the list are Belarus (14.6%) and Russia (13.1%), Lenta.ru reports, quoting CIS Statistic Committee's press release. 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 | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |