Pashinyan says Armenia's economy set to grow by 6% in 2021July 1, 2021 - 18:56 AMT PanARMENIAN.Net - Armenia's economy is expected to expand by 6% in 2021, acting Prime Minister Nikol Pashinyan told a government meeting on Thursday, July 1. "The draft budget for 2021 predicted a GDP growth of 3.2%, but I am pleased to note that the forecasts have been revised upwards, and the economy is now projected to grow by 6% in 2021," Pashinyan said. The caretaker PM also said the government is "quite successfully" collecting revenues", teasing an overfulfilment for the first half-year. The Central Bank of Armenia earlier revised its economic growth forecast for the country in 2021. It said Armenia’s Gross Domestic Product (GDP) will expand by 4.6% instead of 1.4% that was forecast at the beginning of the year. 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 | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine |