Friday, February 8 2019 17:03
Naira Badalian

Minister: Y-O-Y economic growth at an average level of $ 5 will  provide about 17-18 thousand people with jobs

Minister: Y-O-Y economic growth at an average level of $ 5 will  provide about 17-18 thousand people with jobs

ArmInfo. The income of an ordinary citizen of Armenia in 5 years will grow by at least 30-35%.  Armenian Minister of Economic Development and Investments Tigran Khachatryan told reporters on February 8 after the sitting of the Cabinet.

According to the Minister, currently the number of people employed in  the private sector, according to preliminary estimates, is 350  thousand people. "If we are talking about an y-o-y GDP growth of at  least 5%, this means that if labor productivity in the economy does  not increase, then this growth will provide for 17- 18 thousand  people a year," explained Khachatryan. For those who consider this  growth insufficient to reduce the overall unemployment rate, the  Minister assured that the government will try to provide more people  with jobs.

According to the latest official statistics, the poverty level in  Armenia in 2015 was 29.8%, which is 0.2% less than in 2014. The total  number of poor people in Armenia was 900 thousand people, 310  thousand of which are very poor, and extremely poor - 60 thousand  people. In 2015, about 19.4% of the populations were listed as poor,  8.4% were very poor and 2% were extremely poor.

At the same time, according to statistical data, in 2016 the  unemployment rate in Armenia was 18%, against 18.5% - 2015. The  results of the Q1 of 2018 on the unemployment rate in Armenia were  published by the Statistical Committee in July, indicating the data  calculated both by the old method and by the new one: by the old -  17.6% (against 19% in the first quarter of 2017); on the new - 20.6%  (against 21.8% in the Q1 of 2017), with 19.8% of women unemployed and  21.2% of men. Unemployment in Armenia, calculated by the new method,  which does not take into account those employed in the household, at  the end of June 2018 was 20.6%, having decreased by 1.2% in ay-o-y  terms. According to the forecasts of the World Bank, the unemployment  rate in Armenia in 2018 will be 18.1%. The World Bank predicts that  the poverty level (with a purchasing power parity (PPP) of $ 5.5) may  reach 38.2% in 2018, with a decline to 36.8% in 2019, while the PPP  calculation of $ 3.2 may reduce the poverty level to 2018-2019 from  10.1% to 9.1%. 

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Government Bonds

 

ISIN AMGB1029A250
Auction ID AMGB1029A250A
Date 12.05.2017
Issue date 29.10.2015
Issue volume (AMD) 50 000 000 000
Maturity date 29.10.2025
Coupon year yield 11.00%
Auction volume (AMD) 1000 000 000 - 2.000 000 000
Auction date 12.05.2017
DLS
Total amount (AMD) 1 000 000 000
Amount of the total bids (AMD) 787 200 000
Amount of the total accepted bids (AMD) 787 200 000
Cut of yield (%) 10,6447
Weighted avrage yield (%) 10,6447
Auction max  yield (%) 10,6447
Auction min  yield (%) 10,6447
Number of participants 5
ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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