Armenia posts 3% economic growth in 2015February 29, 2016 - 15:26 AMT PanARMENIAN.Net - Armenia’s economy has grown by 3% in 2015 instead of the 4.1% stipulated in the state budget, the National Statistical Service said. According to preliminary data, GDP volume amounted to over AMD 50 billion in 2015, with that of 2014 having totaled around AMD 48,5 billion. The state budget envisaged 4% inflation against the backdrop of the 4.1% economic growth in 2015. Meanwhile, the 2016 state budget has planned a 2.2% real GDP growth. The United Nations and Bloomberg predict a 2.5% economic growth for 2016, the World Bank forecasts a 2.2% increase, while the Eurasian Development Bank anticipates a 1.7-2.2% rise in Armenia’s economy. For a third consecutive year, Armenia hasn’t managed to reach the growth index envisaged in the 2015 state budget. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |