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Situation Is Better In Black Sea Countries Than In Eurozone - Black

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  • Situation Is Better In Black Sea Countries Than In Eurozone - Black

    SITUATION IS BETTER IN BLACK SEA COUNTRIES THAN IN EUROZONE - BLACK SEA BANK PRESIDENT

    news.am
    June 22, 2012 | 14:08

    YEREVAN. - There is a six-percent economic growth in the Black Sea
    countries and this is lot higher than in the eurozone, Black Sea Trade
    and Development Bank (BSTDB) President Andrey Kondakov said Friday,
    during the BSTDB-organized business forum held in Armenia's capital,
    Yerevan.

    In his words, there is an extremely variable and an uncertain
    environment in the world at present.

    As per Kondakov, Armenia is a very good example of stability because
    it has a real and steady GDP growth, a stable national currency,
    single-digit inflation, and a low state debt.

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