EBRD forecasts 4.5% economic growth in Armenia in 2011March 9, 2011 - 17:22 AMT PanARMENIAN.Net - Chief Economist of the European Bank for Reconstruction and Development Erik Berglof thinks that Armenia has great opportunities to secure an economic growth exceeding the forecasted one. “In my opinion, the economic growth will make 4.5% in Armenia in 2011. However, the country’s economic opportunities are not limited to this,” Berglof told a press conference in Yerevan. He explained his forecast by the fact that Armenia’s economy has been affected by the global crisis, unstable political situation and inefficient business environment. 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |