Economy
17:35 16/11/2011
Diamond cutting sector down 6.5 percent
7 diamond processing companies released products amounting to AMD 2.46 billion in the first six months of 2011, down 6.5 percent compared to the same period last year, Minister of Economy Tigran Davtyan told reporters. Products amounting to around AMD 2.9 billion were exported in January-June, up 9.4 percent compared to the same period in 2010, said the Minister.
According to Davtyan, diamond cutting sector has major comparative advantage in Armenia.
“In early 2000s we had large volumes, with exports amounting up to USD 300 million. The condition of our companies was hard under the financial crisis, however, we can say that this year the diamond cutting sector not only has overcome the crisis but also increases the volume of products,” said the Minister.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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