WB predicts 1.5-2% growth in Armenia's economy for 2010June 12, 2009 - 15:15 AMT PanARMENIAN.Net - "GDP growth in 2010 is expected to be within the range of 1.5-2%," Aristomene Vardukis, Head of World Bank's Yerevan office, told journalists on Friday. "Based on 2009 results, downfall in Armenia's economy will fluctuate between 9-9.5%. Situation will stabilize during the second half of the year, and by the end of 2010, we expect GDP growth within the range of 1.5-2%," he said.World Bank predicts acceleration of economic growth in 2011-12, however, more precise economic indices will depend upon world economic situation, Varudikis added. In January-April 2009, Armenia's economy recorded 9.7% downfall in comparison with the same period of the last year. 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 | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |