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 | Kazakh Foreign Minister arrives in Armenia Kazakh Foreign Minister Murat Nurtleu on Monday, March 18 arrived in Armenia for a two-day trip. Aliyev touts “good chances” for normalizing ties with Armenia Azerbaijani President Ilham Aliyev has declared that there are “good chances” for normalizing relations with Armenia. Putin secures fifth term as Russian president Russian President Vladimir Putin has secured a fifth term in office through a dubious national plebiscite. Top Armenian, Indian defense officials discuss cooperation The discussions primarily focused on enhancing cooperation in the defence sector between Armenia and India. |