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Armenia, Argentina to develop economic cooperation

Armenia, Argentina to develop economic cooperation

PanARMENIAN.Net - On April 12, Armenian government approved a cooperation agreement with the government of Argentina in the field of economy.

According to Armenian Minister of Economy Tigran Davtyan, the agreement valid since 1994 has already expired. He further noted that the new document will allow Armenia to cooperate with Argentina both in the fields of trade and investment.

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Annual deflation in the country was at 1.9% in August, compared to 1.3% deflation in July, according to central bank data.
Armenia has been listed in the top 20 among the world’s most economically free countries, raking the 18th out of 159 countries and territories.
Another of the issues the PM weighed in on was corruption. He said that new committees will be established to tackle the issue.
The foreign debt makes up around $4.5 billion, including the government’s $3.99 billion and the Central Bank’s $502.4 million debts.
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