Sun, 7 September
32.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

EBRD finds double-dip crisis in Armenia unlikely

YEREVAN, February 17. /ARKA/. Helena Schweiger, the chief economist at European Bank for Reconstruction and Development, answering the question ARKA News Agency put up to her, said she found double-dip recession unlikely in Armenia.

However, she said, growth is thought to be slow – some 2% in 2010.

On Tuesday, presenting the EBRD Transition Report in Yerevan, Schweiger said that the steps to be taken by Armenian government to ensure this growth should be connected with improvement of business environment.

She thinks competitive environment and tax administration should be improved.

The EBRD expert said these measures have already been discussed.

She expressed hope that progress would be seen in these areas.
According to National Statistical Service of Armenia, the country’s GDP reduced 14.4% in 2009, compared with the same period a year earlier, to AMD 3165.5 billion.

The government has planned 1.2% economic growth in the 2010 state budget. ($1=AMD 381.33).–0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img