Armenia posts 3% economic growth in 2015February 29, 2016 - 15:26 AMT PanARMENIAN.Net - Armenia’s economy has grown by 3% in 2015 instead of the 4.1% stipulated in the state budget, the National Statistical Service said. According to preliminary data, GDP volume amounted to over AMD 50 billion in 2015, with that of 2014 having totaled around AMD 48,5 billion. The state budget envisaged 4% inflation against the backdrop of the 4.1% economic growth in 2015. Meanwhile, the 2016 state budget has planned a 2.2% real GDP growth. The United Nations and Bloomberg predict a 2.5% economic growth for 2016, the World Bank forecasts a 2.2% increase, while the Eurasian Development Bank anticipates a 1.7-2.2% rise in Armenia’s economy. For a third consecutive year, Armenia hasn’t managed to reach the growth index envisaged in the 2015 state budget. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |