What in Armenia is worth investing in: ForbesMay 30, 2018 - 12:25 AMT PanARMENIAN.Net - The countries of the post-Soviet space are very diverse in their economic characteristics - some of them resemble Russia in some periods of development, some have chosen their own economic path, which has nothing to do with the Russian model, Forbes.ru says. CIS countries, which have assets traded on international financial markets, can be divided into three groups, according to the article. Georgia and Kazakhstan have the most favorable prospects. The economic models of Armenia and Belarus are not so developed, but prospects for coming years are also quite positive. And finally, Azerbaijan, Ukraine and Tajikistan may face certain difficulties, according to the analysis. So How can Armenia attract investors? Armenia is the direct beneficiary of higher commodity prices and has the closest ties with the restored economy of Russia - GDP growth in Armenia (7.5%) in 2017 was significantly higher than the IMF and other market participants expected. The main concerns about the Armenian economy are usually related to the currency. “However, we should not exaggerate these risks. Armenia has improved the current account deficit from 8% of GDP in 2012 to only 2-3% in 2016-2017 - a very interesting case of improving foreign trade balances without currency devaluation,” the article says. "Even if it does grow to 3-4%, further weakening of currency is not required.” Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. 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. |