Armenia's economy to grow 5.2% in 2017: EDBNovember 21, 2017 - 17:23 AMT PanARMENIAN.Net - Eurasian Development Bank's economic growth outlook for Armenia in 2017 has remained unchanged at 5.2%. According to data provided by the bank, Armenia is the second country in the Eurasian Economic Union in terms of the rate of economic growth, lagging behind Tajikistan (7.2%). 1.8% GDP growth is forecast for Belarus in 2017, 3.7% in Kazakhstan, 4.0% in Kyrgyzstan and 1.7% in Russia. Armenia's economy will further grow 2.7% in 2018, 4.1% in 2019 and 4.0% in 2020. Armenia saw just a 0.2% economic growth in 2016. Initially, the government forecast a 3.2% growth for 2017, but revised for a better picture later in the year. 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 | 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. |