Minister forecasts higher-than-planned economic growth in ArmeniaJune 24, 2011 - 13:33 AMT PanARMENIAN.Net - Armenian Economy Minister Tigran Davtyan forecasted economic growth in Armenia as planned by budget or higher, however, refrained from naming specific figures. As the Minister noted during a June 24 news conference in Yerevan, inflation slump is expected by the end of the year, adding that the Armenian government is not the only to support the forecast. A 9,9% growth in economic activity index in Armenia in May 2011 was reported as compared to the same period in 2010. According to the National Statistical Service, the economic activity growth was 13,7% higher in May compared to April 2011. Inflation in May was 9% compared to the same period in 2011. Consumer prices remain unchanged. The national budget envisages 4,6% GDP growth and 4% (±1,5%) inflation for 2011. 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 | Police try to impede Armenian Church head’s access to war memorial Police tried to stop the supreme head of the Armenian Apostolic Church, Catholicos Karekin II, from visiting a war memorial. Greece says ready to help as Armenia fights flooding consequences Greece is ready to assist Armenia in combatting the consequences of deadly floods in the country’s north. “He will leave”: Protest leader no longer demands meeting with Pashinyan Archbishop Bagrat Galstanyan no longer demands a meeting with Armenian Prime Minister Nikol Pashinyan. Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. |