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ARMENIAN FOREIGN TRADE GREW 35 PERCENT

YEREVAN, JANUARY 19, ARMENPRESS: According to approximate figures, Armenia’s foreign trade in 2005 amounted to $2.8 billion, seeing a 35 percent growth over the previous 2004.

Trade and economic development minister Karen Chshmaritian said yesterday Armenia’s exports last year made $970.3 million (almost 36 percent growth) and imports stood at $1.82 billion, a 34.7 percent growth, the trade deficit was $850 million. Chshmaritian said domestic trade in the 11 months of 2005 was, in US Dollars, $2.6 billion, a 11.5 percent growth from a year before.

Retail trade grew 9 percent. The minister also said foreign investments in Armenian economy last year totaled between $350-380 million. Also Armenian government raised last year 1.3 billion drams from privatization of 51 state-run enterprises. A government-affiliated department for management of state-owned property said 31 of these enterprises were privatized through direct sale, 17 through tenders and 3 were auctioned.

It said last year the government also liquidated 29 enterprises. Overall around 144 billion drams have been raised from privatization of state-run enterprises since 1994 and another $103 million from privatization of the Zangezour plant.

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