YEREVAN, April 21. /ARKA/. Economic growth in Armenia by the results of 2011 will be higher than the projected indicator in the state budget, said the Chairman of Standing Parliament Commission on Economic Issues Vardan Ayvazyan on Thursday.

In the state budget 2011 GDP growth was defined on the level of 4.6%. In accordance to the forecast of the Prime Minister of Armenia Tigran Sargsyan, economic growth in 2011 will be two times more than the indicator of the last year – 2.6%. International financial organizations predicted growth of Armenian economy in 2011 ranging from 4.5% to 5%.

In March 2011 industrial production was about 76.9 billion drams (over $200 million), higher than in March 2010 by 5.9%, though the indicator of economic activity in March 2011 compared to March 2010 has not changed.

Ayvazyan emphasized the importance of diversification of economy, as earlier economic growth in the country was provided mainly by three branches of economy – construction, mining industry and services where decline strongly influenced on GDP in recent years.

He considers it natural the criticism of opposition faction "Dashnaktsutyun” including the possibility of requiring the resignation of the prime minister. “We are closely working with "Dashnaktsutyun”, are in constant discussions and, of course, they raise social problems and inflation issue”.

Serous amendments are proposed to the law on the protection of economic competition, suggesting increased penalties for abuse of dominance increased. ($1 – 375,82 drams). -0-