Thu, 2 October
15.1 C
Yerevan
USD: 382.74 RUB: 4.68 EUR: 448.80 GEL: 140.69 GBP: 515.63

Economic growth is projected at 3.2% in Armenia’s 2017 draft government budget

YEREVAN, October 31. /ARKA/. In Armenia’s draft government budget for 2017, economic growth is projected at 3.2%, Karen Karapetyan, Armenian prime minister, said Monday while presenting the draft budget to the parliamentary commissions.

Achievement of this indicator amid the current economic environment and the expected economic passivity because of the parliamentary elections will require considerable efforts from the government.

“We assure you that we’ll do everything we can to ensure this indicator,” Karapetyan said.

According to the National Statistical Service, economic growth in Armenia was recorded at 1.5% in the second quarter 2016, while in the first quarter it stood at 4.5%.

In the 2016 government budget GDP growth is projected at 2.2%. —0—-

spot_img

POPULAR

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.

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 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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img