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Economy rises by two percent in Q1

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The growth rate of the Gross Domestic Product (GDP) in the first quarter (Q1) of 2016 was two percent, the State Statistical Office said on Friday.

In this quarter, the biggest increase was recorded in sections: K – Financial and insurance activities by 13.3%; M and N – Professional, scientific and technical activities; Administrative and support service activities by 11.7%; and F – Construction by 7.7%.

In the first quarter of 2016, Household final consumption, including Non-profit institutions serving households, increased by 3.2% in nominal terms, and its share in the GDP structure was 64.3%.

In the same period, Export of goods and services increased by 12.6% in nominal terms, while Import of goods and services increased by 7.4%