  Armenia can ensure higher economic growth in 2010December 8, 2009 - 16:27 AMT PanARMENIAN.Net - In 2010 Armenia will be able to ensure a higher economic growth in case of making effective use of 2009 foreign investments, according to Ph.D. Candidate in Economics Samvel Avagyan. "1.2% GDP growth will not be satisfactory for Armenia even if the country does not experience the consequences of new waves of shocks on global financial markets," he said. "Considering the resources attracted as well as government's assessments and forecasts, we can have positive expectations," he added. The expert finds the existing resources enough for overcoming the crisis. The government's principal task, according to him, is to use them effectively to ensure the required level of economic growth and pay off the debts.   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 Ucom Celebrates Telecommunication Day  May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865.Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova.Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan.Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |
