Armenia’s economy grew 6.4% in 2017 - double the initial forecastJanuary 16, 2018 - 18:59 AMT PanARMENIAN.Net - Armenia’s economy expanded by 6.4% in 2017, the Central Bank revealed on Tuesday, January 16. The growth is double the progress forecasted by the government in the 2017 budget. The Armenian economy grew just 0.2% in 2016. The government first expected to register a 3.2% growth in 2017 but revised its forecast later in the year. According to the World Bank, the country was set to post a 3.7% expansion in 2017, a further 3.8% in 2018 and a 4% growth in both 2019 and 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 | 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. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |