Armenia economy grew by 0.2% in 2016February 28, 2017 - 15:54 AMT PanARMENIAN.Net - Armenia’s gross domestic product (GDP) amounted to some AMD 5.05 trillion in 2016, up by just 0.2% against the previous year. According to the national statistical service, a 4.7% growth was registered in Q1, 2.6% in Q2, while Q3 and Q4 saw a significant decline - 2.6% and 1%, respectively. The state budget of 2016, however, stipulated a 2.2% GDP growth. The government of prime minister Karen Karapetyan has promised an 3.2% ecenomic growth for 2017, while finance minister Vardan Aramyan said the country may aspire to economic growth rates of 4-5% in 2018. 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 | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. |