Armenia’s economic growth not to face further decelerationOctober 26, 2010 - 14:37 AMT PanARMENIAN.Net - Development Director of Ameriabank CJSC Tigran Jrbashyan said that Armenia’s economic growth will not face further deceleration. According to him, the bank experts predicted higher paces of Armenia’s economy growth already in the beginning of 2010, after which they should have slackened. The banker pointed to two basic reasons behind it. According to him, there is a growth of a comparative basic index recorded in autumn 2009 rather than decline in the country’s economy. As for the second reason, according to Jrbashyan, it is an unprecedented decline in agriculture. Nevertheless, this factor has not affected the bank credit portfolio, as agricultural loans make a small share in Ameriabank’s credit portfolio. At the same time, Tigran Jrbashyan noted that Armenia’s economic growth will exceed 1.2% index envisaged by the state budget. 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. |