Armenia’s GDP Set to Soar by 7.5% in 2024, Predicts Central Bank, Amidst Strong Economic Recovery
Armenia’s GDP growth is projected to be 7.5% in 2024, driven by strong demand, stable currency, and increased exports. Inflation remains low, below 1.5%. Recovery in the jewelry industry, financial services, and robust foreign trade will contribute to sustainable economic growth. However, challenges lie in exchange rate fluctuations, inflation, and external debt. Measures will be taken to stabilize the Armenian dram’s exchange rate and monitor inflation.
G7 Leaders Agree on $50 Billion Loan to Ukraine, Aimed at Economic Recovery and Countering Russian-Backed Separatists
G7 leaders to provide $50 billion loan to Ukraine for economic recovery and countering Russian-backed separatists, while details still need to be finalized. EU cautious about US assistance and demands extended sanctions against Russia. Expectations for Kiev to receive funds this year.
Prime Minister Pashinyan Discusses Economic Recovery and International Relations in News.am Print
Prime Minister Nikol Pashinyan talks about ongoing talks to address economic concerns caused by the Armenian-Russian conflict. He also discusses his visit to Egypt and the importance of strengthening the country. Additionally, he addresses the claim about the closure of the Lars route and the control over the “Zvartnots” airport.