According to report released by the National Statistical Service of Armenia, in the first quarter of this year construction works dropped by 8 percent over the same period last year. The main reason for this decline was a sharp cutback of international credits, by 84.5 percent. Compared to the same period of last year, government and local community spending also dropped - respectively by 14.5 and 81.6 percent. Instead of it, there is a jump in construction works financed by charitable foundations, companies and population. According to the report, company construction costs rose by 41 percent and population spending by 21.8 percent. As reported by Statistical Service overall construction spending in Armenia in first quarter of this year was 44 592.1 million AMD ($120 million), particularly government spending was 5 609.3 million AMD ($15 million), local community - 35.5 million AMD ($96 thousand), and construction against international credits- 2 944.8 million AMD ($8 million). Companies have invested unto construction about 22 722.4 million AMD ($61 million), which was almost half of total construction works. During the period of Humanitarian Aid construction amount 6 523.5 million AMD ($17.6 million), and population spending was 6 756.6 million AMD ($18 million). According to report, during the first quarter of this year more than half of construction works- about 23 087.2 million AMD ($62 million) were done in Yerevan. The second and the third places took Kotayk and Ararat regions(marzs), with 3 961.1 million ($10.6 million) and 3 371.2 million AMD ($9 million) respectively. The lowest index was in Vayots Dzor region - 238.8 million AMD ($643.7 thousand).

As reported by the National Statistical Service of Armenia, the total volume of construction output in 2011 compared with the previous year has dropped by 11.5 percent and amounted 480 billion AMD ($1.25 billion). The primary reason for the drop is the reduction of construction works financed by international organizations, companies and private sector. At the same time volume of construction output financed by the State, the Local Governments (Communities), and the Armenian Apostolic Church has increased. The companies' construction spending account for nearly 45 percent of all construction output, but there was 13.5 percent drop compared to 2010. The second largest investor in the construction industry is the State Government with 15.2 percent increase. But the largest growth is recorded in Local Governments construction spending multiplied 5.9 times compared to 2010. All international donors have considerably reduced their construction financing in 2011, except German Development Bank (KfW) with sector investment increase 2.2 times. The Armenian Apostolic Church construction investment has increased by 13.8 percent, but the private sector construction activities have considerably dropped by nearly 30.5 percent.

As reported by news.am, government financed provided $US 3.52 million for construction and renovation works in Shirak Region. The government always held a tender for road and school reconstruction works as well as for roofs of some residential buildings in Gyumri and Shirak Region. Particularly in Gyumri government program include reconstruction of Sevyan and Lisinyan roads, roof renovations for some residential buildings in blocks Ani and Bulvarayin and for the third Handicraft College. In Shirak Region works include reconstruction of some schools and educational Institutions. Renovation works have already begun in Gyumri school #15 and will end till September. The total budget for this school renovation is about $US 133,300.