Armenia’s economy grew 6.4% in 2017 - double the initial forecastJanuary 16, 2018 - 18:59 AMT PanARMENIAN.Net - Armenia’s economy expanded by 6.4% in 2017, the Central Bank revealed on Tuesday, January 16. The growth is double the progress forecasted by the government in the 2017 budget. The Armenian economy grew just 0.2% in 2016. The government first expected to register a 3.2% growth in 2017 but revised its forecast later in the year. According to the World Bank, the country was set to post a 3.7% expansion in 2017, a further 3.8% in 2018 and a 4% growth in both 2019 and 2020. 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. |