 EBRD forecasts 5% GDP growth for Armenia May 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 |  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. |
