 Armenia’s shadow economy smallest in the region, says IMF February 16, 2018 - 14:49 AMT PanARMENIAN.Net - The size of the shadow economy in Armenia in 2015 was smaller than those of the country’s South Caucasus neighbors - Azerbaijan and Georgia - a new report by the International monetary Fund published on january 24 reveals. According to the survey titled “Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?”, Armenia’s shadow economy was estimated to be 36% in 2015, against the 43.6% in Azerbaijan and 53% in Georgia. New results on the shadow economy for 158 countries all over the world are presented over 1991 to 2015. The largest ones are Zimbabwe with 60.6%, and Bolivia with 62.3% of GDP. The lowest ones are Austria with 8.9%, and Switzerland with 7.2%.  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 Azerbaijan, Jordan sign deal on defense cooperation  Azerbaijan and Jordan have signed an agreement on cooperation in the field of defense, according to an official statement.Armenian cemetery in Fresno hit by arsons six times since January Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance.Iran vows to “decisively” defend sovereignty, national interests The Iranian embassy in Armenia has defended its “defensive and proportional action in in occupied Palestine.”Armenian shooter Elmira Karapetyan Armenian shooter Elmira Karapetyan won gold at the ISSF World Olympic Qualification Tournament in Rio de Janiero. |
