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Armenia may see 4,5% economic growth in 2018: finance minister

Armenia may see 4,5% economic growth in 2018: finance minister

February 23, 2017 - 16:18 AMT  12:18 GMT
we are currently developing a medium term expenditure framework for the next three years to strive for more development space,” he said.
Armenia investment projects to be revealed in Paris, Lyon, Marseilles

Armenia investment projects to be revealed in Paris, Lyon, Marseilles

February 21, 2017 - 16:25 AMT  12:25 GMT
French business people will get an insight into the advantages of entering the EEU (Eurasian Economic Union) and Iranian markets via Armenia.
Armenia backs free trade zone between EEU and Iran

Armenia backs free trade zone between EEU and Iran

February 20, 2017 - 22:22 AMT  18:22 GMT
"At present, there are propects of establishing a free trade zone between Iran and the Eurasian Economic Union," Nalbandian said.
Report predicts 32 most powerful economies of the world by 2050

Report predicts 32 most powerful economies of the world by 2050

February 20, 2017 - 12:05 AMT  08:05 GMT
"The long view: how will the global economic order change by 2050?" ranked 32 countries by their projected global GDP by purchasing power parity.
Nestle says will steepen cost cutting plan after disappointing results

Nestle says will steepen cost cutting plan after disappointing results

February 16, 2017 - 16:03 AMT  12:03 GMT
Net profit for 2016 fell to 8.5bn Swiss francs from 9.1bn a year earlier. Analysts had expected 9.59bn francs' worth of profit.
Armenia to introduce non-cash forms of payment for visas

Armenia to introduce non-cash forms of payment for visas

February 16, 2017 - 12:27 AMT  08:27 GMT
“The police is instructed to introduced a draft decision, which will abolish the demand to fill in application forms at border checkpoints,” he said.
Greek economy drops in Q3 amid difficult bailout talks

Greek economy drops in Q3 amid difficult bailout talks

February 14, 2017 - 19:05 AMT  15:05 GMT
An initial estimate had put the growth rate at 0.5%, but the estimate was reduced partly as a result of slower than expected growth in Germany.
Economy ministry pledges to achieve at least 3,2% GDP growth in 2017

Economy ministry pledges to achieve at least 3,2% GDP growth in 2017

February 14, 2017 - 16:34 AMT  12:34 GMT
Armenia's economy will see a 3,2% growth in 2017, minister of economic development and investments Suren Karayan said on February 14.
Armenia seeks to implement 341 investment projects worth $3.2 billion

Armenia seeks to implement 341 investment projects worth $3.2 billion

February 14, 2017 - 12:22 AMT  08:22 GMT
The projects will be financed from various sources, including the state budget, municipal budgets and the private sector.
$120 million to be invested in Armenian agriculture

$120 million to be invested in Armenian agriculture

February 10, 2017 - 13:37 AMT  09:37 GMT
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
Karabakh tourist arrivals dropped 16% in 2016 due to April war

Karabakh tourist arrivals dropped 16% in 2016 due to April war

February 9, 2017 - 13:05 AMT  09:05 GMT
Immediately after the war, an up to 40% decline was registered in April-May, with the downturn amounting to 20% in the months that followed.
Passenger traffic at Gyumri airport soars by 103.8%

Passenger traffic at Gyumri airport soars by 103.8%

February 7, 2017 - 16:09 AMT  12:09 GMT
According to the General Department of Civil Aviation, 168.741 passengers have used the services of the Yerevan airport in January.
$140 mln IFC funding seeks to boost clean energy supplies in Armenia

$140 mln IFC funding seeks to boost clean energy supplies in Armenia

February 7, 2017 - 13:38 AMT  09:38 GMT
The funding will go to a subsidiary of ContourGlobal, an international power-generation company that acquired the Vorotan Cascade in 2015.
Ryanair profits slide as fares drop

Ryanair profits slide as fares drop

February 6, 2017 - 15:53 AMT  11:53 GMT
However, passenger numbers in the quarter rose 16% to 29 million, and its planes flew at 95% capacity.
Toyota expects better profits amid weakening yen

Toyota expects better profits amid weakening yen

February 6, 2017 - 15:34 AMT  11:34 GMT
Meanwhile, Toyota said it had begun formal talks to work with Suzuki on projects including safety technology.
U.S. job growth accelerates in January

U.S. job growth accelerates in January

February 4, 2017 - 14:31 AMT  10:31 GMT
However, average pay barely rose, and the number of people working part-time but looking for full-time work rose.
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