// IP Marketing video - START// IP Marketing video - END

EBRD upgrades GDP growth forecast for Armenia

EBRD upgrades GDP growth forecast for Armenia

PanARMENIAN.Net - The European Bank for Reconstruction and Development (EBRD) released an economy development forecast for Eastern Europe and Central Asia, downgrading general economy growth up to 3% for 2013.

Contrary to positive expectations, Ukraine was given the worst forecast of a 1% growth. Bosnia, Herzogovina and Croatia were the only ones with lower growth projections (0,8%.) A 0,1% and 2 drop is expected in Hungary and Slovenia respectively.

EBRD has upgraded its outlook for Armenia’s GDP growth to 5%; Azerbaijan was given a 4% increase forecast; Russia’s GDP will also grow to 3,5%.

 Top stories
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.
The official said that the EU countries have already issued a mandate for negotiating a corresponding document.
Iran plans to increase natural gas exports to Armenia from 1 million cubic meters per day to 3 million cubic meters in the next few years.
“The two sides are currently preparing the required infrastructure for boosting natural gas exchange,” NIGEC chief Alireza Kameli said.
Partner news