Armenia seeks to boost exports by 2.4 times to $4.4 bn in 2022April 22, 2017 - 13:49 AMT PanARMENIAN.Net - The Armenian government says “it is realistic” to secure a $200 million growth in exports in 2017, eying a further $450 million hike next year. Prime minister Karen Karapetyan on Saturday, April 22 held consultations at the ministry of economic development and investments. According to preliminary estimates, exports will grow from some $1.8 billion in 2016 to around $2.5 billion in 2018. The government said at least 20% annual growth is expected in the years come (which means exports will amount to $4.4 billion in 2022). In 2016, exports and imports totaled $1.782 billion and $3.292 billion, respectively. The main markets for increasing exports are the Eurasian Economic Union, the European Union, the United Arab Emirates, Turkmenistan and China. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |