EBRD forecasts 5% GDP growth for ArmeniaMay 17, 2023 - 16:51 AMT PanARMENIAN.Net - Armenia’s economic growth is expected to grow by 5% in both 2023 and 2024 – a revision of 1% and 0.2%, respectively, since February), the European Bank for Reconstruction and Development said in a fresh report on Tuesday, May 16. The EBRD said growth is expected to decelerate in eastern Europe and the Caucasus as the extraordinary factors that boosted economic activity in 2022 provide limited additional stimulus. The region as a whole is forecast to grow by 1.9 per cent in 2023 and 3.3 per cent in 2024. 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 | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |