Pashinyan says Armenia's economy set to grow by 6% in 2021July 1, 2021 - 18:56 AMT PanARMENIAN.Net - Armenia's economy is expected to expand by 6% in 2021, acting Prime Minister Nikol Pashinyan told a government meeting on Thursday, July 1. "The draft budget for 2021 predicted a GDP growth of 3.2%, but I am pleased to note that the forecasts have been revised upwards, and the economy is now projected to grow by 6% in 2021," Pashinyan said. The caretaker PM also said the government is "quite successfully" collecting revenues", teasing an overfulfilment for the first half-year. The Central Bank of Armenia earlier revised its economic growth forecast for the country in 2021. It said Armenia’s Gross Domestic Product (GDP) will expand by 4.6% instead of 1.4% that was forecast at the beginning of the year. 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 | Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says. Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |