YEREVAN, JANUARY 9, NOYAN TAPAN. Construction work of 757 billion 806 million drams (over 2 bln 478.1 mln USD), including building and assembly work of 694 bln 83.1 mln drams, was carried out in Armenia in January-November 2008. Construction grew by 1.6%, building and assembly work by 9.3% in comparable prices as compared with January-November 2007. Construction volumes declined by 33% in November 2008 on the same month of 2007, whereas in November 2007 construction volumes grew by 18.9% on the same month of the previous year. According to the RA National Statistical Service, in January-November 2008, 7% of construction work was done with state budgetary allocations, 0.1% - at the expense of the RA government's reserve fund, 0.1% - with community resources, 0.6% - with credit resources of the World Bank, 2.8% - with humanitarian aid, 17.2% - with resources of private organizations, and 72.2% - with the population's resources.

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