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

Euro and ruble exchange rates against the Armenian dram rose, while the dollar weakened: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 9, 2026, fell by 0.08 points compared to June 8, to 368.45 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 1-7)

The week in Armenia's financial market was dominated by inflation data, currency dynamics, and the Central Bank's comments on the banking sector.

Idram and IDBank continue their traditional series of financial and digital literacy training programs

Idram and IDBank continue their traditional series of financial and digital literacy training programs.

Special conditions for business development: ACBA Bank

ACBA Bank has unveiled special business financing offers for the development of small and medium-sized enterprises in Armenia, which are effective until July 31 inclusive.

EBRD to provide $20 million to support refugees and young entrepreneurs in Armenia

The EBRD will provide $20 million (€17.1 million) to improve access to finance for refugees and young entrepreneurs in Armenia, the EU Delegation to Armenia announced on Facebook.

LATEST NEWS

spot_imgspot_imgspot_img