Your trusted source

Armenian economy is developing quite rapidly, as compared with the other CIS countries. Thus, Armenia registered 6,7% GDP growth for January-May period, Azerbaijan – 3,7%, Russia – 2,9%, according to the CIS Statistical Service. No information has been published on Georgia.

GDP growth in Uzbekistan has made 8%, in Kazakhstan – 8,3%, Tajikistan – 7,4%, Belarus – 6,6%, Turkmenistan – 6,15%, Kyrgyzstan – 5%, Ukraine – 4,9%, Moldova – 4,7%.

The industrial growth in Armenia has made 12,3%, three times as much as in Azerbaijan (3,5%). With this index Armenia is second in the CIS, yielding only to Kyrgyzstan with 41,8% (resulted by the opening of Kumator gold company).

Ukraine and Tajikistan come third with 12%, the index in Kazakhstan hit 11%, in Russia – 10,2%, Belarus – 8,8%, Uzbekistan – 8%, Moldova – 6,6%.

Totally, CIS industrial growth has made 10%.