Tweet
EBRD: ARMENIAN ECONOMIC ACTIVITY TO DROP DURING PRESIDENTIAL POLLS
February 1, 2013 - 16:28 AMT
PanARMENIAN.Net - Despite the possible postponement of the Armenian
presidential elections due to the attack on candidate Paruyr
Hayrikyan, the country's commercial banks are ready to continue the
implementation of current programs.
President of the Union of Banks of Armenia Ashot Osipyan hailed the
fact that the commercial banks' activity doesn't depend on political
developments.
"During the presidential elections, many companies pursue "wait and
see" policy until the new government is formed," head of European Bank
for Reconstruction and Development (EBRD) resident office Valeriu
Razlog commented to a PanARMENIAN.Net reporter.
Mr Razlog forecast economic activity growth only following the polls.
EBRD predicts about 4% GDP growth, with Armenia's 2013 state budget
envisaging annual inflation index at 4 ± 1,5%.
Mr Razlog further deemed reconsideration of forecasts possible,
voicing confidence for the Armenian government to continue the
cautious policy, with the inflation fluctuations to remain under the
control of the Central Bank of Armenia (CBA).
http://www.panarmenian.net/eng/news/143932/EBRD_Armenian_economic_activity_to_drop_during_pre sidential_polls
February 1, 2013 - 16:28 AMT
PanARMENIAN.Net - Despite the possible postponement of the Armenian
presidential elections due to the attack on candidate Paruyr
Hayrikyan, the country's commercial banks are ready to continue the
implementation of current programs.
President of the Union of Banks of Armenia Ashot Osipyan hailed the
fact that the commercial banks' activity doesn't depend on political
developments.
"During the presidential elections, many companies pursue "wait and
see" policy until the new government is formed," head of European Bank
for Reconstruction and Development (EBRD) resident office Valeriu
Razlog commented to a PanARMENIAN.Net reporter.
Mr Razlog forecast economic activity growth only following the polls.
EBRD predicts about 4% GDP growth, with Armenia's 2013 state budget
envisaging annual inflation index at 4 ± 1,5%.
Mr Razlog further deemed reconsideration of forecasts possible,
voicing confidence for the Armenian government to continue the
cautious policy, with the inflation fluctuations to remain under the
control of the Central Bank of Armenia (CBA).
http://www.panarmenian.net/eng/news/143932/EBRD_Armenian_economic_activity_to_drop_during_pre sidential_polls