Sat, 6 September
17.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Critical phase of crisis is behind

YEREVAN, June 18. /ARKA/. Aristomene Varoudakis, head of World Bank Yerevan Office, said today Armenia has left behind the most critical phase of the economic crisis.

Speaking at a news conference he said the economy expanded by 7.2% in January-April of 2010, while the inflation is falling after rising for some time.

The Armenian government has projected a 1.8% economic growth for 2010, while the International Monetary Fund has projected a 4% growth and a 6% inflation. The inflation rate rose to 8% if compared to the first 4 months of 2009. The government has projected a 4% (±1,5%) inflation rate for 2010.

According to Mr. Varoudakis, the government’s anti-crisis program that was endorsed by the World Bank and other international partners of the government, is yielding its results. -0-

spot_img

POPULAR

Changes made to compulsory motor liability insurance in Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Pashinyan discusses cooperation with Goldman Sachs President for Global Affairs

Armenian Prime Minister Nikol Pashinyan received  Friday Jared Cohen, President for Global Affairs at Goldman Sachs, one of the world's leading investment banks, the government press service reported.

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

“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.

LATEST NEWS

spot_imgspot_imgspot_img