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
Among CIS countries, Azerbaijan was placed 60th, Russia 91st, Moldova 75th, Ukraine 88th, Kyrgyzstan 101st place.
In January-October 2014, the country’s exports totaled $1.250 billion, up %2.9 from last year, National Statistical Service said.
As a consulting partner, offering an extensive range of financial assistance, Ameriabank is financing a developing sector of industrial agriculture.
The mining right was granted to Geoteam CJSC, Lydian's 100% owned subsidiary, by the Ministry of Energy and Natural Resources.
Partner news