  Armenia economy grew by 0.2% in 2016 February 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 |  Latest news 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.Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says.Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |
