  CBA forecasts 1% decrease in economic growth June 11, 2013 - 17:24 AMT PanARMENIAN.Net - The Central Bank of Armenia (CBA) forecasts 1% decrease in economic growth, head of CBA monetary-credit policy department said. Artur Stepanyan voiced hope that successful implementation of export-oriented industrial program will ensure a higher index. Armenia’s 2013 state budget envisages 6,2% economic activity growth and 4±1,5% inflation. It’s noteworthy that Armenian President Serzh Sargsyan instructed the government to ensure 7% economic growth and quality changes. The expert noted that the rise in gas and electrify prices will bring the economic growth to 4%, to be followed by consistent growth. According to CBA report on the implementation of monetary-credit policy, the economic growth is planned to be set at 7,4-7,7% in the first quarter.   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. |
