THE ECONOMIST PREDICTS 10 PERCENT GROWTH FOR ARMENIA
Armenpress
Jul 12 2007
YEREVAN, JULY 12, Armenpress: According to a report by the British
‘The Economist’ magazine’s Intelligence Unit, Armenian economy in
2006 grew more than 13 percent. The growth for this year is expected
to be about 10 percent.
The report examines economic indices of 28 former Soviet and Eastern
Europe republics in 2006 and the expected economic growth this
year. Foreign investments in these countries last year amounted to
$108 billion, a 40 percent rise from a year before.
The highest economic growth in 2006-34.5 percent- was reported by
Azerbaijan. This year its economy is expected to grow 20 percent. The
reports says the South Caucasus and Central Asia are the most rapidly
developing regions.