Armenia may see 4-5% economic growth in 2018: finance ministerFebruary 23, 2017 - 16:18 AMT PanARMENIAN.Net - Armenia may aspire to economic growth rates of 4-5% in 2018, finance minister Vardan Aramyan told reporters on Thursday, February 23. “We need to have the economy grow at a faster pace than the projected 3,2%,” he said. “I can’t divulge specific figures but what I can say is that we are currently developing a medium term expenditure framework (MTEF) for the next three years to strive for more development space.” “We can aspire to 4-5% GDP growth next year, at the very least,” Aramyan added. In response to the reporters’ remarks suggesting that economic figures have continuously declined since president Serzh Sargsyan took office in 2008, Aramyan said: “2002-2008 was a growth period for the whole world, accompanied with strong capital inflows, as a result of which nօt just Armenia but neighboring Georgia and Azerbaijan as well ensured stable economic growth. Following that period was a cycle of recession. Economic cycles usually last 6-11 years globally - recession, stabilization and growth. We have to consider factors before trying to bend over backward to achieve 6-7% growth.” Minister of economic development and investments Suren Karayan declared earlier that Armenia is projected to register a 3,2% economic growth in 2017. 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 | Erdogan wants “realistic road map” for relations with Armenia Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia. Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements. Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of Armenia Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |