Tue, 29 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Economy minister says 7 percent growth quite attainable

YEREVAN, July 23. / ARKA /. Armenian economy minister Tigran Davtyan repeated again today that the government is able to ensure a 7 percent economic growth in 2012. The 7 percent growth target was set by president Serzh Sargsyan on June 18  as he chaired the first meeting of his new Cabinet.

“The primary expectation from the government’s work in 2012 is to ensure a 7 percent economic growth,” he said. The initial government projection is 4.2 percent. Last year’s GDP was 4.6 percent.
“I think that this figure is attainable given the hard work,”  Davtian  told a news conference.
He said optimistic indicators of economic activity for the first half of the year inspire confidence that the target set  by the president is quite feasible.

According to the National Statistical Service of Armenia, economic activity index in the first half of 2012 advanced by 7.8 percent from a year before. The largest growth was reported  by industry (an increase of 13%), exports (13.5%) and agriculture (8%).  -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img