Asian Development Bank predicts stronger GDP growth for ArmeniaSeptember 27, 2017 - 18:04 AMT PanARMENIAN.Net - The Asian Development Bank has raised its growth forecast for the Armenian economy to 3,8% in 2017 and 3,0% in 2018. The upgrades from 2,2% and 2.5% projected in Asian Development Outlook 2017 (ADO 2017) reflect a strong first half this year and improved outlook for Armenia. In the country, stronger remittances and external demand accelerated growth in the first half of 2017. Armenia's GDP grew 3,6% in 2014, 3,2% in 2015, and just 0,2% in 2016. Gerogia is also expected to witness a stronger economic growth in 2017 and 2018, while Azerbaijan, on the other hand, is set to decline by 1,3%. Related links: 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. |