Middle East > Armenia > Industry
Industry in Armenia
-
Armenia faces industrial collapse
ARMENIA, 2014/11/09 The industrial development rate in Armenia is about 5-6 times below than the same indicators it had during the Soviet era. Chief of the Union of Domestic Producers, expert Vazgen Safaryan said the new records about tax payers in Armenia revealed the industry's miserable situation. "The inventory of the top ten major tax payers in the initial nine moths of this year included only three manufacturers - Zangezur Molybdenum Combine, Grand Tobacco and Yerevan Brandy Plant. That's a real example of disastrous industrial regression in Armenia," Safaryan noted.
- Trending Articles
-
- FRANCE: Cavendish doing it for Africa
- CONGO BRAZZAVILLE: Congo: Total abandons oil field citing decrease in global oil prices
- KENYA: Kenya's Q1 2016 GDP growth improves, buoyed by tourism
- SOUTH AFRICA: South Africa’s Biggest Labor Group to Balance Pay With Job Security
- KENYA: Nairobi to host 14th UN conference on trade and development
- EUROPEAN UNION: EU meets without Britain for first time since Brexit vote
