EDB forecasts 5.4% GDP growth for Armenia in 2017August 18, 2017 - 17:11 AMT PanARMENIAN.Net - The Eurasian Development Bank (EDB) in its July edition of macroeconomic indices predicted a 5.4% economic growth for Armenia in 2017. According to the report, in June 2017 Armenia’s agricultural sector expanded by 3.4% year-on-year, while construction dropped by 4.4% y/y. Meanwhile, negative foreign trade balance in the first half of 2017 exceeded that of the same period last year by 30% ($190 million). Annual inflation for June amounted to 1.1%, the report said, adding that it will grow to 2.3% at the end of the year. The state budget surplus in June amounted to AMD 1.7 billion, the report said. Armenia’s economy grew by 0.2% in 2016, with the government eying a 3.2% GDP growth in 2017. Related links: 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, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |