  ADB forecasts GDP growth slowdown in Armenia April 12, 2012 - 15:27 AMT PanARMENIAN.Net - Armenia’s GDP growth acceleration for 2012-2013 will be restricted by weakening of economies of European countries and their possible negative impact on Russia, which is the key source of remittances to the country, according to Asian Development Outlook annual report published on Asian Development Bank (ADB) official website. ADB forecasts up to 3,8% slowdown in GDP growth in 2012 and acceleration up to 4,2% in 2013. “Structural political reforms are already implemented with creation of electronic inventory of property among them. Automated construction permit will help boost the investment climate,” ADB experts say. “Inflation will drop to 4,1% in 2012 and will rise to 4,5% in 2013,” they say. “Continuation of reforms in tax and customs sector and improvement of business environment will ensure sustainable economic growth and diversification of economic base, though the products of reforms may take quite long,” the financial institute advises. Partner news  Top stories Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices. Finance Minister linked the step with the collection of air taxes. He further noted that lawsuits were filed by other lenders, too.   Partner news |  Latest news "Gangnam Style" singer Psy teases new album for summer  Psy has already released six studio albums in South Korea, but his upcoming collection will serve as his first global release.Metallica say “have enough songs for new album” The band blamed their hectic schedule which includes working on a 3D movie and their Orion Music and More festival.Russian, U.S. President to meet in June, September: Kremlin Putin’s reply covers all fields of bilateral relations, including cooperation between security and law enforcement agencies."The Godfather" director Coppola to work on another Italian American saga The screenplay is described as "a coming-of-age story that focuses on a boy and girl in their late teens." |
