The total 2012 income of Tashir Group will amount US$ 2.9 billion, told company vice-president Vitaly Efimkin during press conference. Last year "Tashir Group" built 11 properties, especially retail development, 7 of which under the brand "Rio". The whole property floor area put in commission was 840 thousand square meters. Particularly, this year company built 370 thousand square meters retail, 415 thousand square meters residential, 20 thousand square meters hotel and 35 thousand square meters office space. During press conference Vitaly Efimkin also added, that in 2013 company is planning to build 13 cinemas under the brand "Cinema Star", also during next 3-4 year to invest 1.5 billion rubles in construction of 50 multi-fuel filling stations. Recall that on October 20, 2012, took place the grand opening of shopping center Dalma Garden Mall in Yerevan, built by Dalma Invest - Development Company affiliated by Tashir Group. Earlier also was reported, that in 2012 Samvel Karapetyan's Tashir Group may invest US$ 50 million in the construction of shopping malls and exhibition centers in Sochi sea passenger port.

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.

According to report released by National Statistical Service of Armenia, in the first quarter of this year residential construction increased by 198.4 percent over the same period last year. Overall residential construction spending was 14 655.7 million AMD ($39 million). Compared to the same period last year, residential construction work increased 3.1 times and amounted 5 996.2 million AMD ($16.1 million). Government expenditures on residential construction have not changed this year - 3 030.5 million AMD ($8.1 million). As reported, residential construction in the capital has increased 2.4 times compared with the same period last year and totaled 7 391.4 million AMD ($19.8 millon). The amount of work performed in Yerevan by the state budget hasn't changed- 95.6 million AMD ($256 thousand). Population housing expenditures have also increased by 82.6 percent and amounted 1 382.5 million AMD ($3.7 million). Note, that organizations mainly invested in Yerevan, as regions are less attractive for developers. Developers' investments in housing totaled 5 913.3 million AMD ($15.8 million) in Yerevan, while in regions investments made only in Tavush marz and amounted only 82.9 million AMD ($222.8 thousand). The second and the third places took Shirak and Lori regions - 1 854.3 million AMD ($4.9 million) and 1 547.8 million AMD ($4.1 million) respectively. Government residential construction spending in Shirak and Lori totaled 1 776.3 million AMD ($4.7 million) and 1 158.3 million AMD ($3.1 million) respectively. Compared to the same period last year these figures haven't changed. In the first quarter of this year about 59.304 thousand square meters of residential area was put in commission compared to 29.888 thousand square meters last year.