Sat, 26 July
21.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Rational use of resources may put Armenia to 10-11% GDP growth in 2013 : Expert

YEREVAN, March 15. /ARKA/. Armenia may post 10-11% GDP growth in 2013 applying to an effective use of resources, Alternative Center director Tatul Manaseryan told reporters on Friday.
“The forecasted benchmark of 5-7% growth should be the least we can do. We have opportunities to hit more dynamic growth if we efficiently use the current human, natural, industrial and financial resources,” he said.

Manaseryan added educating highly professionals is a key to ensuring high economic and, particularly, industrial growth.

“We have quite serious flaws in post-high school education, and the spheres which are marked by the government as priority ones, pharmaceutics and precision engineering, need specialists of this level of education,” he noted.

The expert also said this year agricultural sphere will grow, and also construction sphere will post some active dynamic.

Manasaryan highlighted Armenia should develop not only mining , but also processing sector. For that, processing enterprises should receive more benefits.

Armenia posted 7.2% economic growth in 2012. In 2013 GDP growth is forecasted at 6.2%.

According to the consensus forecast that included assessments of IMF, WB and EBRD, GDP growth in Armenia will hit 4.6%.—0-

spot_img

POPULAR

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.

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.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

LATEST NEWS

spot_imgspot_imgspot_img