Armenia’s economic activity index grows by 2,4% in Oct 2011November 21, 2011 - 13:42 AMT PanARMENIAN.Net - A 2,4% growth in economic activity index in Armenia in October 2011 was reported as compared to the same period in 2010. According to the National Statistical Service, the economic activity dropped 18% in October compared to September 2011. Inflation in October comprised 5,7% against the same period in 2010. Consumer prices grew by 0,3% in October against September 2011. 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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |