Central Bank: 3.1 to 4.8% economic growth expected in Armenia in 2012

Banks

YEREVAN, February 11. /ARKA/. The Central Bank of Armenia, in its 1st Q monetary policy program, projects 3.1 to 4.8% economic growth in 2012.

The financial regulator says that some slowdown in world demand recovery and worsened outlooks of households have prompted revision of economic growth forecast.

Industry’s VAT is expected to stand between 5 and 7% in 2012 thanks to improvement of industrial capacity of large mining, metallurgic and food enterprises as well as enlargement of food and beverage industries’ outputs.

Outputs of power plants will contribute a great deal to VAT indicator.

Outlooks for growth in construction sector remained unchanged, at 3.5 to 5.5%. This sector will owe this growth mainly to construction in agriculture, transport and communications areas.

Forecast for services sector remained unchanged as well – real growth on VAT is projected to be between 2.5 and 4.5%.

Growth in agriculture is believed to slow down. The projected 4-6% growth in 2012 will be ensured by cattle-breeding and plant-growing economies.

In the 2012 government budget, GDP is projected at 4.2%.–0–

spot_img

POPULAR

Banks

VTB (Armenia) supports the Newmag BOOK DONATION initiative in the city of Hrazdan

VTB (Armenia) continues to support the socially significant "BOOK DONATION" project by the Newmag publishing house, which aims to replenish library collections in Armenia’s regions with contemporary literature.
Banks

Credit investments by Armenian banks exceeded 9 trillion drams in the first 9 months

As of September 30, 2026, credit investments by Armenian banks reached 9.01 trillion drams.
Banks

Two banks in Armenia accounted for half of the growth in the banking sector’s assets and loan portfolios in the third quarter

Ardshinbank and Ameriabank accounted for 50.30% of the net growth in assets and 51.58% of the net growth in loan portfolios among Armenian banks during the third quarter of 2026, according to an operational bulletin from the ARKA news agency.
Banks

ACBA Bank Publishes Its First Sustainability Report

ACBA Bank has published its first sustainability report, presenting its performance in the areas of Environmental, Social, and Governance (ESG) factors, the bank’s press service reported.
Announces

Armenia to subsidize interest rates on loans and leases for energy storage systems — by up to 10 percentage points

Armenia is introducing a state subsidy for interest rates on loans and leases used to purchase electrical energy storage systems, announced Armenian Minister of Economy Gevorg Papoyan.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Volume of crediting of resident companies by Armenian commercial banks in December reduced by 0.2% to 710.8 billion drams
Next article
Volume of consumer credits in Armenia increased in December 5.2% to 217.4 billion drams