Armenia reports 7.2 % economic activity index in 2012

Armenia reports 7.2 % economic activity index in 2012

PanARMENIAN.Net - Armenia’s economic activity index in Jan-Dec 2012 totaled 7.2 %, according to the National Statistical Service of Armenia.

In Jan-Dec 2012, consumer prices grew by 2.6 %, with 2.1% inflation recorded in December as compared with November. Meanwhile, in December 2012 inflation rate totaled 2,1% as compared with November 2012.

The national budget envisages 4,2% economic activity growth, and 4±1,5% inflation.

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The Energy Minister thanked “our friendly country, Armenia” and his Armenian counterpart “for providing a huge assistance”.
"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.
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