Construction Levels in Armenia Drop by 14%
Construction in Armenia decreased by 14% in the first quarter of the year when compared to the same period in 2016.
Construction in the first three months amounted to 35 billion AMD (US$72 million).
Data released by the National Statistical Service says 22% of the construction was financed by private means.
Construction projects financed by international loans dropped by 65% in the first quarter; the largest decrease overall.
50% of the construction was in immovable property, and 12% in the transportation sector.