Sat, 21 February
10.1 C
Yerevan
USD: 376.82 RUB: 4.90 EUR: 443.25 GEL: 140.90 GBP: 507.65

Armenian government will reconsider its steady development program

YEREVAN, February 22, /ARKA/. Armenian economy minister Nerses Yeritsian said Saturday the government will reconsider its steady development program later this year.

Speaking at the 7-th international Bridge 2010 economic forum in Armenia’s resort town of Tsakhkadzoe the minister said the revision of the program which is likely to be made by the end of the year, will be preceded by a series of discussions.

‘The new program should reflect and express new issues in the context of the global crisis; it should take into account the need for diversification of Armenian economy and implementation of several key reforms, which we think will allow Armenia to play a serious role in the region and form economic policy standards,’ he said.

According to him, despite the closed borders Armenia should pursue a pro-active economic policy.

The steady economic development program, approved in 2008 October, calls for average 6.9% annual economic growth for 2009-2015 and 5.6% for 2016-2021. According to it, the per capita GDP is to grow from $5,800 in 2012 to $12,600 in 2021 and the poverty level is to reduce from 14% in 2012 to 1.2% in 20121. -0-

spot_img

POPULAR

Union of Banks of Armenia: cryptocurrency market is gaining momentum with 2-3 banks planning to obtain licenses

The Armenian cryptocurrency market is gaining momentum: 2-3 banks plan to obtain separate licenses to handle these operations, Daniel Azatyan, head of the Union of Banks of Armenia (UBA), stated in response to a question from ARKA news agency.

Non-commercial money transfers to Armenia increased by 14.2% in December – WB

YEREVAN, February 17. /ARKA/. Net non-commercial money transfers...

Armenia’s gross reserves up by about USD 100 million, reaching USD5.2 billion in January

In January, the AMD appreciated by 0.4 percent (mom) against the USD and EUR, according to World Bank's «Armenia Monthly Economic Update – February 2026».

IV Conference Capital Markets Armenia to Take Place on March 13, 2026, in Yerevan

The IV Conference Capital Markets Armenia, an annual international event dedicated to the development of the capital market of the Republic of Armenia and its integration into the global financial system, will be held in Yerevan at the Marriott Hotel.

Euro fell 2.54 points against the Armenian dram, while the dollar and ruble also declined

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 19, 2026, fell by 0.74 points compared to February 18, to 376.94 drams.

LATEST NEWS

spot_imgspot_imgspot_img