Thu, 15 January
-2.9 C
Yerevan
USD: 380.33 RUB: 4.84 EUR: 443.24 GEL: 141.16 GBP: 511.62

President: Armenia recovering its economy

DILIJAN, April 10. /ARKA/. Armenia has already started recovering its economy, Armenian President Serzh Sargsyan said Friday when touring Tavush province.

“In past two months, Armenia showed 3.1% year-on-year economic growth, just as in the first two months of 2008,” he said.

GDP in current prices amounted to AMD 321615 million, and GDP deflator index was 110.6% in January and February 2010, compared with the same period a year earlier.

The head of state said that the global crisis had struck hard at Armenian economy.
The country’s government made every effort to deter the economy from declining and buffer the effects of the crisis on ordinary people’s lives.

Sargsyan stressed that the government didn’t cut social expenses.

He said the crisis should be overcome not only by economic activities, but also in people’s minds.

“We ought to defeat the crisis on our minds by creating optimistic outlooks,” he added.

The president said all those speaking about a deep crisis have a right to say so if they want the government to start work better.

“But such statements are not acceptable, if they are made in an attempt to form pessimistic outlooks in the society,” he said.-0—

spot_img

POPULAR

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ministry of Finance has identified cases in which the 2% cashback will not be awarded for payments made with ArCa cards

The Armenian Ministry of Finance has clarified which non-cash transactions made with ArCa payment system cards will not be eligible for cashback.

LATEST NEWS

spot_imgspot_imgspot_img