Minister: Armenia’s GDP grew by at least 7.5% in 2019January 14, 2020 - 17:33 AMT PanARMENIAN.Net - Armenia’s GDP expanded by at least 7.5% in 2019, Minister of Economy Tigran Khachatryan said on Tuesday, January 14. The Minister believes that 2020 has started well, based on the positive results from the previous year. Khachatryan said the industry, services, trade, construction, exports have all grown in the 11 months of 2019. The indicators of Gross Domestic Product haven’t been summarized, yet the Minister expects at least 7.5% growth in the country’s economy. Armenia’s GDP growth stood at 5.8% in 2018. The January 2020 edition of the World Bank’s Global Economic Prospects (GEP) report is out now to predict a 5.1% GDP growth for Armenia in 2020, and 5.2% in 2021 and 2022. The Azerbaijani and Georgian economies, meanwhile, are forecasted to expand by 2.3% and 4.3%, respectively. 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. |