  EBRD forecasts 4.5% economic growth in Armenia in 2011 March 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 |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
