 GDP growth caused by increase in prices for mining industry’s outputJune 4, 2010 - 15:28 AMT PanARMENIAN.Net - Former chairman of the Central Bank of Armenia said that the economic growth in Armenia is conditioned by global tendencies and, first of all, by increase in prices for the mining industry’s output, specifically, for copper, which currently makes $7,000 per ton. “Such GDP growth is passive and unreliable and cannot be considerable and decisive for the country’s economy,” Bagrat Asatryan told a press conference in Yerevan. 7.2 % GDP growth was recorded in Armenia in January-April 2010 as compared with the same period of 2009. Meanwhile, the GDP decreased by 5.9% in April as compared with March 2010.   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 |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
