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Armenian President: "Our Economy Has Overcome The Transition Period

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  • Armenian President: "Our Economy Has Overcome The Transition Period

    ARMENIAN PRESIDENT: "OUR ECONOMY HAS OVERCOME THE TRANSITION PERIOD AND HAS ENTERED THE PHASE OF STABLE DEVELOPMENT"

    Mediamax
    Oct 10 2007
    Armenia

    Yerevan, October 10 /Mediamax/. The volume of foreign investments in
    the Armenian economy this year made $532.9mln.

    As the special correspondent of Mediamax reports from Brussels,
    Executive Director of the Armenian Development Agency Tigran Davtian
    brought these numbers, speaking on October 9 at the Armenian-Belgian
    business-forum. He informed that in 2007 the GDP volume in Armenia
    will make $8.1bln, as compared to $7.1bln in 2006.

    Tigran Davtian noted that, according to the forecasts, the GDP
    volume per head will make $3.200 in 2008, which can be compared to
    the indices of Eastern Europe states.

    Speaking at the business-forum, Armenian President Robert Kocharian
    stated that "today we can state with confidence that the economy of
    our country has overcome the transition period and entered the phase
    of stable development".
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