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USAID is investing $53 million as a grant to stimulate development of the Armenian economy, reforms, and healthcare, reports Prime-TASS.Money will be sent starting this September until 2013. $30 million of the grant will be allocated to developing a free market and competition in the private sector in Armenia.The other $23 million will be allocated to health-care and social services.
The Armenian premier Tigran Sarkisyan has announced official data on the country's GDP at a session of the National Competitiveness Fund, panarmenian.am reports. He noted that the 8.8% economic growth iscaused by three factors - the economic recovery, a wide range of anti-crisis activities and stability of the national currency.He also noted that the Armenian economy is entering a phase of deflation, which will result in the 5-6% inflation reduction by the end of the year.
Oligarch clan model hinders payment of Armenia’s external debt
Russia is first place in terms of foreign investment in the Armenian economy in the first quarter of this year. According to News-Armenia, the National Statistics Service of the republic puts the figure for Russian investment in the Armenian economy at $51.9 million, of which $42.2 were direct investments. This amounts to 32% of all foreign investment in Armenia and 36% of direct investment.
Many experts agree that Armenia’s current problems, including social, economic and judicial ones are linked with the two-year old post-election processes. The spokesman for the ruling Republican Party of Armenia (RPA) and secretary of the parliamentary group of the same name, Eduard Sharmazanov, answers the VK’s questions.- There are different opinions on the political crisis in the country. Do you think this crisis has been overcome?
Alexei Vlasov on Armenia's withdrawal from the process of protocol ratification with Turkey and possible ways of resuming the process
