Thu, 1 January
-3.9 C
Yerevan
USD: 381.36 RUB: 4.87 EUR: 449.01 GEL: 141.54 GBP: 515.60

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

IMF Ready to Assist Central Bank of Armenia in Regulating Stablecoin Transactions

The IMF plans to assist the Central Bank of Armenia in its efforts to strengthen financial system oversight and modernize the payment system, including introducing regulation of stablecoin transactions in accordance with the recently adopted Law on Cryptoassets.

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.

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.

Universal cashback on non-cash payments with ArCa cards is being introduced in Armenia

At a meeting on Thursday, the Armenian government approved measures and procedures for providing cashback on non-cash payments made by individuals through the Armenian Card (ArCa) national payment system.

Euro, dollar, and ruble rise against Armenian dram

The average market exchange rate of  the US dollar against the Armenian dram on December 25, 2025, rose 0.05 points compared to December 24, reaching 381.51 drams.

LATEST NEWS

spot_imgspot_imgspot_img