  Armenian Finance Minister forecasts 7% economic growth in 2012 December 24, 2012 - 16:34 AMT PanARMENIAN.Net - 7% economic growth will be recorded in Armenia in 2012, to be accompanied by low inflation rate, Minister of Finance said. Vache Gabrielyan forecast 4% annual inflation rate in 2012, with average annual index to total 2,5%. “Significant growth of industrial output volume was reported in all of the fields in 2012, expect for the construction sector,” Minister Gabrielyan said, voicing hope for progress to be recorded in the construction industry due to North-South highway construction. 2012 state budget envisages 4%(±1,5%) inflation rate and 4,2%GDP growth. On June 18, Armenian President instructed the new government to ensure 7% economic growth based on 2012 results.   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 |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
