  World Bank forecasts 1.5% economic growth in Armenia next yearDecember 17, 2009 - 15:57 AMT PanARMENIAN.Net - World Bank forecasts 1.5 per cent economic growth in 2010 in Armenia, World Bank Armenia Country Manager Aristomene Varoudakis told a press conference in Yerevan. "The recovery of Armenian economy will be gradual. The economy growth was mostly secured by construction industry," he said, adding that there are still some unfinished constructions and unsold apartments in new buildings, in particular, on North Avenue. According to Mr. Varoudakis, inflation rate in 2010 is expected to be moderate, within the target of the Central Bank of Armenia. However, Armenia's state budget projects 1.2 per cent economic growth and 4 ± 1.5 per cent inflation.   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 |  Related sections Latest news Ucom Celebrates Telecommunication Day  May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865.Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova.Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan.Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |
