  Emil Soghomonyan: Economic downturn in Armenia not to exceed 10 per centAugust 25, 2009 - 16:21 AMT PanARMENIAN.Net - Economic downturn in Armenia will not exceed 10 per cent, Emil Soghomonyan , chairman of the Union of Banks of Armenia said. According to him, a certain decline will be observed, but in 2010 Armenia will have a zero growth. "I am confident, the economic situation will move towards growth," he said. In this context, the Emil Soghomonyan informed that a huge inflow of funds is expected into Armenian economy. As he reminded, this year Armenia will receive 80 million euros from the European Bank for Reconstruction and Development, 50 million dollars form the World Bank loan and 500 million dollars of the Russian loan. According to him, Armenian banks also attract funds independently. The next year Armenia will be able to reach homestretch, Mr. Soghomonyan concluded.   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 |  Related sections Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
