Minister forecasts higher-than-planned economic growth in ArmeniaJune 24, 2011 - 13:33 AMT PanARMENIAN.Net - Armenian Economy Minister Tigran Davtyan forecasted economic growth in Armenia as planned by budget or higher, however, refrained from naming specific figures. As the Minister noted during a June 24 news conference in Yerevan, inflation slump is expected by the end of the year, adding that the Armenian government is not the only to support the forecast. A 9,9% growth in economic activity index in Armenia in May 2011 was reported as compared to the same period in 2010. According to the National Statistical Service, the economic activity growth was 13,7% higher in May compared to April 2011. Inflation in May was 9% compared to the same period in 2011. Consumer prices remain unchanged. The national budget envisages 4,6% GDP growth and 4% (±1,5%) inflation for 2011. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |