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Armenia Loses Pace Of Economic Growth

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  • Armenia Loses Pace Of Economic Growth

    ARMENIA LOSES PACE OF ECONOMIC GROWTH

    Vestnik Kavkaza, Russia
    Oct 28 2013

    28 October 2013 - 1:42pm

    Armenian Prime Minister Tigran Sargsyan said at discussions of the 2014
    budget that the pace of economic growth in 2013 had been dropping,
    News.am reports.He explained that the decrease in the economic rate
    was a result of processes in partner states, aggravation of forecasts
    of global macroeconomic progress given by the World Bank and the
    International Monetary Fund and business problems.Armenia is in 48th
    place of the Doing Business list. Sargsyan believes that Armenia
    could have been 20th. Administration, trade conditions, taxing and
    deal-making put it below the 100th. Armenian Prime Minister Tigran
    Sargsyan said at discussions of the 2014 budget that the pace of
    economic growth in 2013 had been dropping, News.am reports.

    He explained that the decrease in the economic rate was a result
    of processes in partner states, aggravation of forecasts of global
    macroeconomic progress given by the World Bank and the International
    Monetary Fund and business problems.

    Armenia is in 48th place of the Doing Business list. Sargsyan believes
    that Armenia could have been 20th. Administration, trade conditions,
    taxing and deal-making put it below the 100th.

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