Asatryan: Economic Growth in Armenia Expected To Reach 4 Or 5% In 2010

YEREVAN, June 7. /ARKA/. Bagrat Asatryan, former chairman of the Central Bank of Armenia, thinks economic growth in Armenia will reach 4 to 5% in 2010.

He told ARKA News Agency that the seven-percent year-on-year growth reported by National Statistical Service of Armenia in Jan-Apr can ensure four-to-five-percent annual GDP growth this year.

Asatryan excluded agriculture from the sectors insuring this growth, since thought that official figures were overstated here.

The former chairman of the central bank said 12.9% industrial growth over four months of this year was fueled mainly by mining industry thanks to rise in world copper prices.

“I don’t know whether this growth will remain or not later this year,” Asatryan said. –0—

spot_img

POPULAR

500-Dram Coins Remain in Circulation in Armenia Following Removal of Old Banknotes

500-Dram coins remain in circulation in Armenia; the decision to withdraw old-generation banknotes from circulation does not apply to them, according to a statement from the Central Bank's press service.

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

Ranking of most profitable banks in Armenia based on results of first quarter of 2026

ARKA News Agency has published a ranking of the most profitable banks in Armenia based on the results of the first quarter of 2026.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 22, 2026, decreased by 0.21 points compared to April 21, to 372.38 drams.

Corporate tax collection in Armenia has increased to 265.8 billion drams; Pashinyan announced a 5.4-fold increase since 2017

As of April 20, 2026, corporate income tax collection in Armenia amounted to 265.8 billion drams, announced RA Prime Minister Nikol Pashinyan.

LATEST NEWS

spot_imgspot_imgspot_img