Minister: Armenia’s GDP grew by at least 7.5% in 2019January 14, 2020 - 17:33 AMT PanARMENIAN.Net - Armenia’s GDP expanded by at least 7.5% in 2019, Minister of Economy Tigran Khachatryan said on Tuesday, January 14. The Minister believes that 2020 has started well, based on the positive results from the previous year. Khachatryan said the industry, services, trade, construction, exports have all grown in the 11 months of 2019. The indicators of Gross Domestic Product haven’t been summarized, yet the Minister expects at least 7.5% growth in the country’s economy. Armenia’s GDP growth stood at 5.8% in 2018. The January 2020 edition of the World Bank’s Global Economic Prospects (GEP) report is out now to predict a 5.1% GDP growth for Armenia in 2020, and 5.2% in 2021 and 2022. The Azerbaijani and Georgian economies, meanwhile, are forecasted to expand by 2.3% and 4.3%, respectively. 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 | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |