  Armenia's GDP expected to expand by 4.8% in 2020 – EDB September 12, 2020 - 16:38 AMT PanARMENIAN.Net - Armenia's GDP is expected to grow by 4.8% in 2020, the Eurasian Development Bank said in its recent forecast. EDB analysts have assessed the impact of the Covid-19 pandemic on the dynamics of key macroeconomic indicators in the Bank's member countries. According to the report, the coronavirus outbreak had a strong impact on the cyclical development of the countries in the first half of 2020. The bank said economic activity in Armenia, Kyrgyzstan and Tajikistan was significantly affected by the decline in remittances, an important source of consumer spending. Armenia's economy expanded by 7.9%, while economic activity amount to 7.8% in 2019.   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 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.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
