Sun, 28 September
24.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

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

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

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 is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

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.

LATEST NEWS

spot_imgspot_imgspot_img