WB: Foreign direct investment in Armenia will grow 3% in 2018October 27, 2018 - 15:50 AMT PanARMENIAN.Net - The World Bank has predicted a 3% growth in foreign direct investment into the economy of Armenia. In a new report published recently, the Bank said economic growth is being driven by rising investment, although this largely reflects a build-up of inventories rather than a more broad-based acceleration of investment. In the same report, the WB said real GDP growth in Armenia is expected to moderate to 5.3% in 2018, reflecting strengthening headwinds in the country's main trading partners. 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 | Erdogan wants “realistic road map” for relations with Armenia Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia. Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements. Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of Armenia Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |