Fri, 5 September
26.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Minister expects more than 3 percent growth in 2016

YEREVAN, April 12. /ARKA/. For 2016 we project to have a more than 3% economic growth, economy minister Artsvik Minasyan said today.

Asked by ARKA news agency whether the government would be able to achieve the projected growth of 2.2%, Minasyan said there was  no doubt about it.

“Today, there are all conditions for us to achieve a more than 3% economic growth,” he said.
He said hostilities in the Nagorno-Karabakh conflict zone pose threats and challenges, but they will not affect the economic growth.

‘We must double and triple our solidarity to ensure economic growth, we should unite to attract investors,” said the minister.

In its latest Economic Update: Impact of China on Europe and Central Asia the World bank said growth in Armenia is projected to slow to 1.9 percent in 2016, on the back of continued weaknesses in the external conditions and fiscal tightening.

According to the National Statistical Service, the economic growth in Armenia in 2015 was 3%, down from the projected 4.1%. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Acba Bank’s 66th branch launched

Acba Bank has launched its 66th branch, "Homeplex Mall". The branch is open from Monday to Sunday from 09:00 to 24:00 (cash service: 09:00-21:15).

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

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

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

LATEST NEWS

spot_imgspot_imgspot_img