 WB: Foreign direct investment in Armenia will grow 3% in 2018 October 27, 2018 - 15:50 AMT PanARMENIAN.Net - The World Bank has predicted a 3% growth in foreign direct investment into the economy of Armenia. In a new report published recently, the Bank said economic growth is being driven by rising investment, although this largely reflects a build-up of inventories rather than a more broad-based acceleration of investment. In the same report, the WB said real GDP growth in Armenia is expected to moderate to 5.3% in 2018, reflecting strengthening headwinds in the country's main trading partners.   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 |  Latest news U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement  Blinken said it is an important step towards concluding a durable and dignified peace agreement.Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday.European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. |
