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Armenia Enters New Development Stage, Following Global Economy |
| Source: |
panarmenian.net |
| Source Date: |
Friday, June 24, 2011 |
| Focus: |
Electronic and Mobile Government, Citizen Engagement, Internet Governance
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| Country: |
Armenia |
| Created: |
Jun 28, 2011 |
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On June 24, Armenian Economy Minister Tigran Davtyan characterized industrial production as the locomotive of economic growth. As the Minister told a news conference in Yerevan, annual industrial production growth made up 25%, with growth tendencies varying in 10-11% range. "The global economy is entering into a new development stage, which will allow to overcome a pre-crisis disproportion," he noted. The Economy Minister noted positive tendencies in the line of export, where a 40% increase was reported in January–May 2011 against last year's index. In conclusion, the he forecast gradual decrease in negative foreign trade balance.
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