Sun, 24 August
30.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Minasyan: economic activity grew by 7.2% and GDP by 7% in Armenia in 2012

YEREVAN, January 29. /ARKA/. The level of economic activity grew by 7.2% in Armenia in 2012, whereas economic growth was 7%, head of parliament commission for finance, credit and budget issues, member of the ruling Republican Party of Armenia Gagik Minasyan told journalists Saturday.
“The data on the country’s GDP growth will be published some time later, but, according to the projections, it will stand at about 7%”, Minasyan said.

The head of the commission pointed out that after the crisis considerable changes occurred in the structure of Armenia’s GDP: construction’s share in the GDP dropped somehow, whereas the shares of industry and agriculture grew.

After 2008, decline in construction had continued till 2012 when a small 0.2% rise was recorded in the field, Minasyan said. In 2012, growth rates for industry, agriculture and services were 8.8%, 9.5% and 10% respectively.

Earlier, Armenian minister of economy Tigran Davtyan said that GDP growth, despite being projected at 4.2%, will most probably reach 7% for the year 2012.  –0–

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

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