Newsfeed

Armenian Assembly of America and Armenian National Committee of America make statements on Turkish Prime Minister Erdogan's remarks regarding April 24th

Turkey's ruling Justice and Development Party: "Relations between Turkey and Armenia can be restored only after liberation of Azerbaijani territories occupied by Armenia"

Armenian Foreign Minister receives US Congressmen

Acting Justice Minister of Armenia: We should always keep our powder dry

Armenian President appoints new ministers

Prime Minister of Canada addresses Armenian-Canadian community and qualifies events in early XX century as "the first genocide of the twentieth century"

Armenian President pays tribute to memory of Armenian Genocide victims

Erdogan's statement on events of 1915 is part of process that has been going on over the past 4.5 years, Ahmet Davutoglu says

April 24 is a mournful date in Armenian people's history

Bako Sahakyan: Armenian Genocide is considered as one of the heaviest crimes against humanity with no expiration date

Armenian President: We are convinced that the denial of Armenian Genocide constitutes the direct continuation of that very crime

Online Citizen Engagement Platform for Armenia

One of Orange subscribers to become the VIP guest of Cannes Film Festival

Vazgen Sargsyan's brother appointed Advisor to Armenian Defence Minister

RPA minister: If Kocharyan wants to return to the politics, let him do that openly

Serzh Sargsyan: Not one drop of Lake Sevan water goes to Azerbaijan

"Hraparak": Artur Bagdasaryan appointed as a head of CSTO Academy Council

Within the frames of charitable action Anelik Bank staff gathers 1 billion AMD to help Kessab Armenians

Armenia on the second position among post-Soviet countries by the number of EU visa denials

Director of Ichthyology and Hydroecology Institute: Higher maximum admissible level of water release from Sevan to have a negative effect on the lake's ecosystem

Hraparak newspaper: Tigran Sargsyan will be appointed Armenia's Ambassador to USA

Karen Karapetyan has no intention to take any post in the government staff

Serzh Sargsyan has not yet offered parliament speaker's position to Galust Sahakyan

Hovik Abrahamyan: Pension reform in Armenia must be mandatory, but not binding

Serj Tankian: Both Armenians and Turks deserve leaders and governments

Hovik Abrahamyan introduces the newly appointed Economy Minister Karen Chshmarityan

Vacheh Gabrielyan appointed top advisor to prime minister of Armenia

Successful experience of first two Ameria Generation projects of 2012-2013 encourages Ameriabank to launch the third project in 2014

ARFD: Unlike Tigran Sargsyan, Hovik Abrahamyan is ready for concessions

Gagik Tsarukyan: Consultations between political forces and civil sector underway

Oppositionist: Serzh Sargsyan shuts down for Robert Kocharyan the way towards the power

Laura Bagdasaryan: Having proclaimed me Mata Hari, the authorities of Azerbaijan are striving to put the lid on the people's diplomacy

In Q1 2014 Areximbank-Gazprombank Group registers net profit of 289mln AMD

Politician: President of Armenia does not want to fray relations with the West. For this reason, he does not recall his signature from under the Armenian-Turkish Protocols

Robert Kocharyan: Constitution should be reformed only in case if it must not but be reformed

Council of Field Commanders to convene in Republican Square on 23 April

Hraparak newspaper: Galust Sahakyan to head parliament

Robert Kocharyan: Regretfully, Serzh Sargsyan did not perceive the difference between sincere concern over country's fate and exulting over poor performance of the authorities

New parliament speaker and ministers may be named at RPA Executive Body's meeting on 26 April

Armenian President visits Teghut copper and molybdenum mine

Armenian PM: Support of business will be a top priority for us

Well-known French filmmaker Robert Gedikian shoots film about Armenian Genocide

Newspaper: Armenian Government to shortly ease tax burden on SMEs

Newspaper: Prime Minister Hovik Abrahamyan will shortly urge officials and parliamentarians to refuse from salary increase

David Haroutiunyan appointed as Government Chief of Staff

Regional

Vice-Speaker of Israeli Knesset to Deliver in Tbilisi Lecture on Israeli-Arabic Relations

German Chancellor Invites Garibashvili to Visit her Country

Georgian Foreign Minister to Visit Germany

Georgian Foreign Minister Attends International Conference in Vilnius

President to Have Exclusive Right to Grant Georgian Citizenship

NATO Week in Georgia Starts Today

Discussion of the Azerbaijani-Iranian relations on Culture and Tourism

Chief of General Staff of the RF to visit Baku

Ilham Aliyev will visit NAR

Georgian Premier Starts his Regional Tour

Georgian President to Hold Talks in Poland

Georgian Prime Minister Meets with EU Special Adviser

Erdogan is arriving in Baku

Simplification of the visa regime between the EU and Azerbaijan may occur in the summer

U.S. Embassy: Any allegations that US government representatives are trying to foment a revolution in Azerbaijan are absolutely absurd

Foreign Minister of Afghanistan to Pay Official Visit to Georgia

Georgian Foreign Ministry Makes Strict Statement, Concerning Referendum in the Crimea

President Margvelashvili Meets Georgian Troops, Deployed in Afghanistan

Georgian Premier and Afghan Foreign Minister Discuss Two Countries' Relations

Georgian Premier Holds Official Dinner in Honor of Romanian Prime Minister

Analyst: The USA invested $5 billion to directly support Maidan

Georgian Ambassador to Japan Hands over Credentials to His Imperial Majesty Emperor Akihito of Japan.

Tbilisi Hosts Annual PDP Conference

NATO May Accelerate Georgia's Integration and Grant it MAP because of the Crimea Problem

Georgian Ambassador to Lithuania Addresses Seimas

Iranian Deputy Foreign Minister in Baku

Gerhard Schroeder will make a speech in Baku

Putin is unable to persuade the leader of the Crimean Tatars

Georgian Defence Minister Attends NATO Defence Ministerial

Saakashvili is Offered High Post in Kiev

Ex-premier of Armenia offers Facebook users to single out the official to be dismissed by President

  • by Alexandr Avanesov

  • Friday, February 21, 18:34

 Armenian MP from the opposition Armenian National Congress Faction, ex-premier of Armenia Hrant Bagratyan offers Facebook users to single out the official to be dismissed by President Serzh Sargsyan for the current situation in the country's economy.  

"According to the National Statistical Service, in January 2014 economic growth in Armenia made up 1.8% as compared with Jan 2013. Not 7% or 3.5%, but 1.8%. And this is an official figure. By my data, it is the second worst index over the past 21 years. The index was worse only in January 2009, when 0.7% decline was registered", Bagratyan says on his Facebook page. 

The Armenia National Statistical Service's data provided to ArmInfo demonstrate that in 2007 Armenia's GDP grew by 13.7%. Afterwards the growth rates decelerated to 6.9% in 2008 and were replaced by 14.1% decline in the crisis-affected year 2009. Thereafter, in 2010 the growth made up 2.2%, in 2011 - 4.7%, in 2012 - 7.2%. In Jan-Dec 2013 versus Jan-Dec 2012 economic activity rose by 3.5%, and in Jan 2014 1.8% y-o-y growth was fixed amid 52% decline versus Dec 2013. It should be noted that in Jan 2011 the Armenian Government took a decision to calculate the current macroeconomic indices by the discrete method. So, the absolute value of GDP is no longer published monthly and is mentioned in quarterly and annual reports only. The monthly economic activity is calculated by international standards.

Bagratyan says that according to the statistics, the financial sphere is prospering despite the low condition of economy.    

To recall, on 18 March 2013 Armenian President Serzh Sargsyan said that the Government that is unable to ensure 7% economic growth must resign. Later, on 13 Dec 2013 he said at a meeting at the Economy Ministry that he expected the Government to present a detailed analysis in Feb-March 2014 after the National Statistical Service summed up the socio-economic results of 2013. 

According to the National Statistical Service, in Q3 2013 GDP in Armenia amounted to 1 283,5 bln AMD (up 1.4% as compared to Q3 2012). In November 2013 the 12-month inflation made up 6.6%. The Armenian state budget 2013 mentions 6.2% GDP and 4% inflation (+1.5%).

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields