Updated at 22:10,27-11-2020

Cabinet revises upward economic performance targets for 2010


The Council of Ministers, by its September 30 directive, has revised upward economic activity targets for 2010.

The targeted growth rates were raised from between 11 and 12 percent to 13 percent for industrial output, and from between 14 and 15 percent to 18 percent for retail turnover.

They were set at 18 percent for the industry ministry’s output growth compared with the rate of between 15 and 17 percent projected previously, and at 11 percent for the construction ministry that was previously tasked with increasing its output by between 9.5 and 10.5 percent.

The directive also upped targets for construction and installation work carried out companies controlled by ministries, state industry conglomerates and local authorities, as well as by residents of free economic zones.

New targets were set for a decrease in the consumption of resources in the manufacturing industry.