Armenia can record higher-than-planned economic growth in 2010

YEREVAN, November 24. /ARKA/. If Armenia pursues an effective policy and uses resources properly, economic growth may be even higher than the 1.2% planned in the 2010 state budget, Tatul Manaseryan, and economist and the deputy speaker of Armenian National Assembly, said Tuesday at a press conference.

“This is my ambitious, but realistic outlook,” he said. “I think Armenia is able not only to overcome consequences of the global crisis, but also enjoy faster recovery after getting rid of domestic problems.”

He finds it necessary to concentrate efforts on diversification of exports and investment sources to be not dependent on one or two countries.

“It is necessary to focus attention on those three or five segments ensuring our competitiveness and develop them,” Manaseryan said adding that diversification of all the segments of the national economy will produce no results, since it would mean senseless enlargement.

“We need merchandise able to help us find our niche in the region and the world economy.” -0—

spot_img

POPULAR

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May — World Bank

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May 2026 compared to the same period last year, according to the World Bank's Armenia Monthly Economic Update – July 2026.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 13–19)

YEREVAN, July 20. /ARKA/. Key events of the past...

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

Ranking of the Most Profitable Armenian Banks for the First Quarter of 2026

ARKA News Agency has published a ranking of the most profitable Armenian banks for the first half of 2026.

LATEST NEWS

spot_imgspot_imgspot_img