WB predicts 1.5-2% growth in Armenia's economy for 2010June 12, 2009 - 15:15 AMT PanARMENIAN.Net - "GDP growth in 2010 is expected to be within the range of 1.5-2%," Aristomene Vardukis, Head of World Bank's Yerevan office, told journalists on Friday. "Based on 2009 results, downfall in Armenia's economy will fluctuate between 9-9.5%. Situation will stabilize during the second half of the year, and by the end of 2010, we expect GDP growth within the range of 1.5-2%," he said.World Bank predicts acceleration of economic growth in 2011-12, however, more precise economic indices will depend upon world economic situation, Varudikis added. In January-April 2009, Armenia's economy recorded 9.7% downfall in comparison with the same period of the last 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 | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |