July 1, 2009 - 19:23 AMT
Armen Mkoyan: construction industry will see 5-10% growth by yearend
Construction industry will see a 5-10% growth by yearend, according to Elite Group building company president.

"The industry will recover within two years but we expect some progress. We have sealed a number of projects this month," Armen Mkoyan told reporters in Yerevan.

Presently, Elite Group is implementing 7 projects.

"Neither of Elite Group projects was stopped because of the crisis. We also negotiate a new project with the International Finance Corporation," Mr. Mkoyan said.