Wed, 5 February
3.1 C
Yerevan
USD: 396.58 RUB: 4.04 EUR: 413.36 GEL: 140.63 GBP: 497.27
spot_img

Armenia projects 7% growth for 2023- Prime Minister

YEREVAN, January 10. /ARKA/. Armenian Prime Minister Nikol Pashinyan said today the country’s economy is expected to grow 7% in 2023.

“For 2023, we envision 7% economic growth, and we must work to ensure this minimum growth,” he said during a press conference on Tuesday.

The prime minister noted that the original growth projection for 2022 was 7%, but it turned out to be around 13%. The growth was driven by the arrival of thousands of Russian nationals.

According to forecasts, the country’s GDP in 2022 will be 12.5-13%,” Pashinyan said, stressing the important role of the Russians.

Earlier Economy Minister Vahan Kerobyan stated that Armenia will close 2022 with a real economic growth of 13-14%.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro exchange rate plummets by 5.57 points to AMD 406.68

The average market exchange rate of the U.S. dollar to the Armenian dram on February 3, 2025, totaled 396.99 drams, down 0.36 points compared to January 31.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Net inflow of money transfers to Armenia drops 1.1 times in 2024

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $1.51 billion in January-December 2024, compared to $1.65 billion in 2023, according to the report from the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img