EBRD downgrades Armenia’s economy growth forecast in 2014May 13, 2013 - 18:38 AMT PanARMENIAN.Net - Eastern Europe’s economic-growth prospects have worsened as the region’s largest economies, Russia and Poland, are slowing “significantly,” the European Bank for Reconstruction and Development said. The 30 eastern European and central Asian countries where the EBRD invests will expand 2.1 percent this year, the London-based bank said, cutting its January forecast of 3 percent. The economies expanded 2.5 percent last year and will grow 3.1 percent in 2014, the EBRD predicted. EBRD forecasted a 5% GDP growth for Armenia in 2013; the Bank also predicted a 4,5% inflation rate and slower economic growth of 4% in 2014. Armenia’s national budget envisages 6,2% economic activity growth, and 4±1,5% inflation. 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 | Armenia's Davit Chaloyan qualifies for Paris Olympics The Armenian boxer qualified for Paris Olympics after a series of successful bouts at the 2nd World Qualification Tournament. Lemkin Institute urges Armenia to respect people’s right to dissent The Lemkin Institute has urged the Armenian government to respect people’s fundamental human right to express their dissent. French-Armenian journalist returns to France after 41-day hunger strike Nicolian said on social media on Sunday, June 2 that he needs to improve his health in order to “continue the fight”. Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. |