Tourist inflow of 830 000 expected in Armenia in 2012

Tourist inflow of 830 000 expected in Armenia in 2012

PanARMENIAN.Net - Economy Ministry posted a projected tourist inflow of 830 000 people as of 2012, despite problems caused by unstable situation in Iran, which affected the number of tourists travelling from the country.

However, as Economy Minister Tigran Davtyan told a news conference in Yerevan, a 9,2% upsurge in tourism sector was reported, with an annual growth of 10% expected.

The Minister stressed the importance of relevant infrastructures in the development of the sector. A he noted a number of new hotels will be opened soon, with work to facilitate visa regime with China and India in progress.

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"There have been no new talks on gas exports to Europe, but there are routes and facilities which we need to use," Majedi said.
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
“Under a new deal to be signed, Russia is expected to provide a $300 million loan to extend the NPP’s service life,” Yervand Zakharyan said.
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