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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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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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