Monday, March 5 2018 15:10
Alexandr Avanesov

Armenian Prime Minister: GDP growth rates of Armenia for upcoming years must be higher than in average in EAEU, CIS and other countries

Armenian Prime Minister: GDP growth rates of Armenia for upcoming  years must be higher than in average in EAEU, CIS and other countries

ArmInfo. In 2018, it is planned  to invest 35.2bln AMD in the economy of the Armenian Aragatsotn  region. This was reported to the Prime Minister Karen Karapetyan by  the region's governor Ashot Simonyan.

According to the press service of Armenian Government, as a result of  the implementation of investment programs in the region, 350 new jobs  will be created. It is planned to carry out 350 basic works in 2018,  as a result of which another 600 new jobs will appear in the region.  According to the governor, in 2017, the private sector invested 6.5  billion AZMD, and in 2018 this figure will be brought up to 20.4  billion AMD.  These funds will be directed to such areas as milk and  dairy production, fruit and vegetable processing, juice and alcohol  production, diamond processing, textile production, tourism, etc.

As a whole, Ashot Simonyan noted, in 2017, the share of the  Aragatsotn region in Armenia's domestic gross product was 3%. At the  same time, gross industrial production in the region amounted to 35.9  billion AMD against 39.4 billion AMD a year earlier. The gross  agricultural production last year was at the level of 89.1 billion  drams against 87 billion AMD in 2016, which is 693.4 thousand drams  per capita, which is twice the average for the republic.

The trade turnover in the region in 2017 amounted to 16.9 billion  AMD, which is 1.9 billion AMD more compared to 2016, which makes  131.6 thousand AMD per capita. The volume of rendered services last  year was at the level of 10.9 billion AMD, which is 86.5 thousand  drams per capita. Growth in comparison with 2016 amounted to 1.7  billion AMD. The volume of construction work was 26.2 billion AMD,  which is 1.46% higher than the average for the republic. The growth  amounted to 3.6 billion AMD.

In 2017 the region exported goods for 4.6 billion AMD, which is 3  billion AMD less than in 2016. In 2017, investments in the region  were 26.2 billion AMD, which is 6 billion AMD more than in the  previous year.

Ashot Simonyan said that there are 54,1003 hectares of arable land in  the region, 40-50% of which are processed every year. The main reason  for this is the remoteness of these lands, their stoniness, as well  as the difficulties with irrigation. In the area from in 2018 it is  planned to increase the area of irrigated land by 400 hectares  through the implementation of projects to repair water supply  networks. In 2017, the area was founded by intensive gardens on an  area of 11 hectares, in general, the area of intensive gardens in the  area is currently 30 hectares. At the same time Ashot Simonyan  informed that only in 2018 in the region it is planned to establish  intensive gardens on an area of 120 hectares. This year in the  communities of Ashtarak and Voskevaz three more greenhouses will be  put into operation. Within the framework of the agricultural  production leasing program, 14 units of modern agricultural machinery  were purchased, another 15 units are planned to be purchased during  the current year. With the private sector, negotiations are underway  to establish a regional agricultural station in the region.

The RA Prime Minister welcomed the implementation of the agricultural  programs, pointing out the importance of increasing the volume of  agricultural exports. At the same time, the head of government urged  to pay more attention to the development of livestock breeding,  assuring that in this issue there will be no problems with the sale  of products. Karen Karapetyan also pointed to the importance of  clarifying statistical data. "We need truthful figures, we do not  need to draw them." The plan, which is being laid, should be heavily  loaded, and in this context the document's 95-97% compliance will be  welcomed more than 120%, since there is an understanding that when  planning "Our GDP growth rates for the coming years should be higher  than in the EAEU, the CIS and other countries." We closed this year  with such indicators, "Karen Karapetyan said.

The Prime Minister was also informed that in 2017 the revenues of the  budgets of local authorities amounted to 3.708 billion AMD, which is  99.1% of the planned ones, and the communities own revenues made  1.237 billion AMD, ensuring 98% performance. At the same time, own  revenues were raised by 218 million AMD more than a year earlier. In  2018, the communities of the region plan to collect 171.4 million AMD  more than their own incomes, than in 2017.

POST A COMMENT
Input digits     


News
Armenian ambassador to Greece highlights importance of Armenia`s  active participation in TIF-HELEXPOArmenian ambassador to Greece highlights importance of Armenia`s  active participation in TIF-HELEXPO
Air Arabia plans to sue Armenia at ArbitrationAir Arabia plans to sue Armenia at Arbitration
EFSD conducts workshop on procurement and financial management of  projects EFSD conducts workshop on procurement and financial management of  projects 
Iran-Armenia high-voltage line to be put into operation in few months  - ambassadorIran-Armenia high-voltage line to be put into operation in few months  - ambassador
New Armenal management could start presale preparation New Armenal management could start presale preparation 
Our team is doing everything possible to manage increased traffic  more efficiently - ZvartnotsOur team is doing everything possible to manage increased traffic  more efficiently - Zvartnots
CBA to direct 80% of its annual profit to partly cover interest-free  bill of exchange  CBA to direct 80% of its annual profit to partly cover interest-free  bill of exchange  
Few concerned in Armenia over high pesticide level in food - NGO head Few concerned in Armenia over high pesticide level in food - NGO head 
Head of Economic Competition Protection Commission explains gas price  rise Head of Economic Competition Protection Commission explains gas price  rise 
EFSD to provide $2 mln grant to Armenia for program to improve  quality of financial reporting of public sector organizationsEFSD to provide $2 mln grant to Armenia for program to improve  quality of financial reporting of public sector organizations
WB to provide $110mln loan to Armenia for universal health coverage WB to provide $110mln loan to Armenia for universal health coverage 
Ingo Insurance presents job loss insurance in Armenia`s market Ingo Insurance presents job loss insurance in Armenia`s market 
As long as Pashinyan government remains in power in Armenia, it is  unlikely Armenia will launch a counter bid or join BRICS  - opinion As long as Pashinyan government remains in power in Armenia, it is  unlikely Armenia will launch a counter bid or join BRICS  - opinion 
Cattle productivity improvement programme to be launched in Armenia Cattle productivity improvement programme to be launched in Armenia 
South Caucasus needs unified market without strategic partners -  expert South Caucasus needs unified market without strategic partners -  expert 
New world order to show Armenia can and must cooperate with with all  nations - Tatul Manaseryan New world order to show Armenia can and must cooperate with with all  nations - Tatul Manaseryan 
Armenia needs 600MW NPP - ex-premier Armenia needs 600MW NPP - ex-premier 
Post of Russia considering possibility of mailing to Armenia via  North Ossetia  Post of Russia considering possibility of mailing to Armenia via  North Ossetia  
Advantages of franchising discussed in Armenia with Acba Bank`s  participation Advantages of franchising discussed in Armenia with Acba Bank`s  participation 
Czech Republic to assist modernization of Yerevan metro Czech Republic to assist modernization of Yerevan metro 
Wine output records 32.6% y/y decline in Jan-May Wine output records 32.6% y/y decline in Jan-May 
ICC NCA to assist organization of WCIT2024 in Armenia ICC NCA to assist organization of WCIT2024 in Armenia 
New social vulnerability assessment system to be introduced in  Armenia New social vulnerability assessment system to be introduced in  Armenia 
Armenia`s government to provide AMD 2.2bln to construction  organizations Armenia`s government to provide AMD 2.2bln to construction  organizations 
AMD 4․046․161  to the Strong Mind NGO. July`s beneficiary is the SIA Armenia programAMD 4․046․161 to the Strong Mind NGO. July`s beneficiary is the SIA Armenia program
Wine-filled days of DILIJAN WINE FEST 2024 will take place on August 3 and 4Wine-filled days of DILIJAN WINE FEST 2024 will take place on August 3 and 4
Ardshinbank was again Named Best in Two Categories by Asian Banking & Finance MagazineArdshinbank was again Named Best in Two Categories by Asian Banking & Finance Magazine
Some 20,000 Nagorno-Karabakh Armenians employed in Armenia - official Some 20,000 Nagorno-Karabakh Armenians employed in Armenia - official 
China Southern Airlines launches Urumqi - Yerevan - Urumqi flights China Southern Airlines launches Urumqi - Yerevan - Urumqi flights 
Get 3000 idcoins by synchronizing your Idram and IDBank accountsGet 3000 idcoins by synchronizing your Idram and IDBank accounts
Armenia`s involvement in regional projects emphasized Armenia`s involvement in regional projects emphasized 
Armenian Airlines launches Yerevan-Ufa-Yerevan flightArmenian Airlines launches Yerevan-Ufa-Yerevan flight
Unemployment up in Armenia Unemployment up in Armenia 
Armenia`s economy vulnerable to external shocks - EFSDArmenia`s economy vulnerable to external shocks - EFSD
EAEU Industrial Council considers robotics development programme EAEU Industrial Council considers robotics development programme 
Smart Place: smart solutions for comfort and energy-savingSmart Place: smart solutions for comfort and energy-saving
Russia among Armenia`s major trade partners - Gevorg Papoyan  Russia among Armenia`s major trade partners - Gevorg Papoyan  
Armenia, UAE discuss possibilities of agricultural cooperation Armenia, UAE discuss possibilities of agricultural cooperation 
Expert on `blank spots` of budget planning in Armenia Expert on `blank spots` of budget planning in Armenia 
Armenia`s economy minister to take part in 6th meeting of EAEU  Industrial Policy CouncilArmenia`s economy minister to take part in 6th meeting of EAEU  Industrial Policy Council
No payment via Idram? More than 21,000 points of sale accept payment via IdramNo payment via Idram? More than 21,000 points of sale accept payment via Idram
<Gazprom Armenia> will conduct a survey of underground gas pipelines  with a total length of over 335 km will conduct a survey of underground gas pipelines  with a total length of over 335 km
WB to issue grant to Armenia for environmental protection programmes WB to issue grant to Armenia for environmental protection programmes 
JFPR to issue $3mln grant to improve rural household resilience JFPR to issue $3mln grant to improve rural household resilience 
EBRD to issue EUR 2mln grantfor Syunik customs center  EBRD to issue EUR 2mln grantfor Syunik customs center  
Armenia, Georgia discuss possible implementation of regional  high-tech projects Armenia, Georgia discuss possible implementation of regional  high-tech projects 
Ameriabank and COAF Pool Efforts to Develop Beekeeping in Lori RegionAmeriabank and COAF Pool Efforts to Develop Beekeeping in Lori Region
Deputy Minister of Economy: 58% of Armenia`s agro-food products are  exported to Russian marketDeputy Minister of Economy: 58% of Armenia`s agro-food products are  exported to Russian market
Armenia`s scores are the worst in the Energy Transition Index for the  last decade: LUYS FoundationArmenia`s scores are the worst in the Energy Transition Index for the  last decade: LUYS Foundation
Features of Armenian offshore: SRC assesses lossesFeatures of Armenian offshore: SRC assesses losses
Trend of shadow economy is reducing; Rustam Badasyan assuresTrend of shadow economy is reducing; Rustam Badasyan assures
Tax revenues on schedule in Armenia Tax revenues on schedule in Armenia 
Ball is in US court - Armen Grigoryan on NPP construction Ball is in US court - Armen Grigoryan on NPP construction 
The construction of the Pullman International Hotel complex in Armenia will cost 100 million US dollarsThe construction of the Pullman International Hotel complex in Armenia will cost 100 million US dollars
World Bank does not change Armenia`s status as upper-middle-income  countryWorld Bank does not change Armenia`s status as upper-middle-income  country
Armenian banks` delegation visits OVIO Data Processing CenterArmenian banks` delegation visits OVIO Data Processing Center
In-country tourism recorded 20% average annual growth since 2020 In-country tourism recorded 20% average annual growth since 2020 
Araratbank allocates $10 million in funding to women entrepreneursAraratbank allocates $10 million in funding to women entrepreneurs
State Revenue Committee reminds taxpayers of tax bill deadline State Revenue Committee reminds taxpayers of tax bill deadline 
Powers of Armenia`s Economic Competition Protection Commission to be  expanded Powers of Armenia`s Economic Competition Protection Commission to be  expanded 
Read more
Exchange rates
19.07.2024
RUB4.420.02
USD388.370.38
EUR422.70-1.49
GBP501.81-2.19
CAD283.15-0.51
JPY24.66-0.15
CNY53.43-0.01
CHF436.67-2.38