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March 28
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YEREVAN. – The mining industry of Armenia could grow by 8 percent this year, Economy Minister Vahram Avanesyan told reporters on Thursday.

Avanesyan noted that such a prediction is made even considering the world copper prices, which are not so high.

“We expect that the activeness of the mining companies will be maintained,” the minister stated.

He added that a 5-ercenbt growth is forecast in Armenia’s food industry.  

According to the January 2014 results, however, Armenia’s industrial production and mining industry have both dropped by 3.3 percent, and the food industry fell by 20 percent.

But Vahram Avanesyan added that, first and foremost, this drop is due to last year’s high baseline indicator and, second, it is seasonal and it should restore itself over the course of the year.

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