Azerbaijan posts lowest industrial growth in CIS
BAKU - Azerbaijan’s industrial production grew in January-May 2010
but the growth was the lowest in the Commonwealth of Independent
States, according to the CIS Statistics Committee.
A 4.3% increase in the output of industrial goods was reported in the fast-growing South Caucasus republic in this period.
Kyrgyzstan posted the highest growth – 56.8%. The Central Asian state, which has experienced a political crisis in the past months, posted the top indicator owing to the full-scale operation of the Kumtor company, which is tapping the country’s gold mines. Kyrgyzstan is followed by Tajikistan, where industrial growth was reported at 14.5%, Ukraine, with 12.6% growth, Armenia, with 12.1%, and Kazakhstan, with 11.9%.
Russia managed to increase its indsutrial production by 10.3%, while the figures in Belarus and Moldova were 7.7% and 6.1% respectively.
A 4.3% increase in the output of industrial goods was reported in the fast-growing South Caucasus republic in this period.
Kyrgyzstan posted the highest growth – 56.8%. The Central Asian state, which has experienced a political crisis in the past months, posted the top indicator owing to the full-scale operation of the Kumtor company, which is tapping the country’s gold mines. Kyrgyzstan is followed by Tajikistan, where industrial growth was reported at 14.5%, Ukraine, with 12.6% growth, Armenia, with 12.1%, and Kazakhstan, with 11.9%.
Russia managed to increase its indsutrial production by 10.3%, while the figures in Belarus and Moldova were 7.7% and 6.1% respectively.
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