IMF improves 2017 GDP growth forecast for ArmeniaOctober 12, 2017 - 11:34 AMT PanARMENIAN.Net - Armenia's economy is set to grow 3.5% in 2017, up from an earlier estimate of 2.9%, the International Monetary Fund said in its World Economic Outlook update for October. The IMF lefts its 2018 forecast of 2.9% GDP growth unchanged. Armenia's economy grew just 0.2% in 2016, with the government initially eyeing a 3.2% growth for 2017. Later on, however, the country's finance minister Vardan Aramyan said thatthe economy is set to grow by 4.3% this year. Also, Aramyan said in late September that the government planned to sell $500 million worth of Eurobonds in 2019 or 2020 to refinance a seven-year bond that matures in 2020. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |