Armenian minister of economy calls 2011 successful

Armenian Minister of Economy Tigran Davtyan said that the year 2011 was a success. Economic activity is expected to reach 5.5%, he said in Yerevan on Tuesday, PanARMENIAN reports.

The minister noted that all spheres, excluding construction, had seen improvements. Industry grew by 13-14%, production reached 2.34 billion drams, there are expectations to reach $2.6 billion. Services grew by 10%. Export increased by 34.6% in 11 months of 2011, exceeding imports. Investments increased by 23.4%.

Inflation will be determined in early 2012, bit its growth rate dropped by the end of 2011, Minister Davtyan said.