  CBA says 2012 fiscal and monetary policies balanced May 29, 2013 - 12:56 AMT PanARMENIAN.Net - Chairman of the Central Bank of Armenia Artur Javadyan presented the bank’s conclusion regarding the annual report on 2012 state budget implementation. He hailed the economic development rates in Armenia, with 7,2% growth reported in 2012. “Increase in the volume of loans fostered the economic growth. The key developments in 2012 macroeconomic environment were conditioned by slow global economic restoration, as well as fiscal and monetary policies,” Mr. Javadyan said. CBA chairman further chairman described the fiscal and monetary policies as balanced, contributing to the restoration of economic activity and macroeconomic stability.   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 Armenia considers Cyprus as one of its main partners in EU - envoy  Armenia considers Cyprus one of its main partners in the European Union, Ambassador Tigran Mkrtchyan has said.Armenian, Albanian Foreign Ministers discuss ties, regional issues Armenian Foreign Minister Ararat Mirzoyan had a meeting with the Minister of Foreign Affairs of Albania Igli Hasani.POLITICO: Baku lobbying agains detained Karabakh ex-leader abroad Azerbaijan is lobbying agains former Nagorno-Karabakh leader Ruben Vardanyan, according to POLITICO.Armenia confirms will attend NATO summit in Washington Armenia has confirmed its participation in the NATO summit in Washington, a spokesperson has confirmed. |
