ArmInfo. The services sector remains the main driver of economic growth in Armenia.  Inflation remained unchanged  in February. The negative balance of merchandise trade declined against the backdrop of faster growth in the value of exports over  imports. The course of dram has risen. This is stated in the March "Macro Review", prepared by analysts of the Eurasian Development Bank  (EDB).

ArmInfo.Armenia's authorities are overpraising the GDP growth recorded in the last few years, whereas  it is absolutely nothing in terms of long-term real economic growth, Doctor of Economy and Armenia's ex-premier Hrant Bagratyan said. 

ArmInfo. In Armenia, industrial growth continues to lag behind growth in economic activity. This is  stated in the study of the "Luys" Foundation, which used the data  published by the Statistical Committee of the Republic of Armenia for  the year 2023 in its analysis of the socio-economic developments of  the RA economy in January 2023.  

ArmInfo. According to the Fitch Ratings forecast for 2023, Armenia's public debt will decrease to 47.3% of GDP, and external debt - to 38.1% of GDP, while economic growth slows down to 6.1%. The agency also expects that in 2023 inflation in Armenia will be 6.5%, GDP per capita - $7472, the state budget deficit - 2.5% of GDP, and the current account deficit (including FDI) will remain at 1.2 % of GDP. This is noted in the February Fitch rating report on the capital of Armenia - Yerevan.

ArmInfo.According to the forecasts of the American Standard and Poor's (S&P) rating agency for 2023, the prospects of the banking sector in the Central Asia and Caucasus region remain stable. This is noted in the analytical materials posted on the S&P website.

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ArmInfo. Despite economic growth in Armenia last year, no economic progress was recorded, Bagrat Asatryan, ex-chairman of the Central Bank of Armenia (CBA),  said. 

ArmInfo.The Eurasian Economic Union (EAEU) is Armenia's principal partner, Aram Safaryan, Coordinator of the Eurasian Expert Club, stated at a press conference  on Wednesday. 

ArmInfo. The Armenian economy maintains high growth rates, but the service sector remains its main driver. This is stated in the February "Macroeconomic review", prepared by analysts of the Eurasian Development Bank.

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ArmInfo.The war between Russia and Ukraine had its own negative consequences for the Armenian economy. Minister of Economy Vahan Kerobyan stated this in an  interview with Radio Van.  

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ArmInfo. According to the baseline forecast of the EDB, Armenia's GDP in 2023 will increase by 4.2%. 

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ArmInfo. In economic terms, after gaining independence, Armenia from an agro-industrial country, where metalworking, mechanical engineering, chemical, light, food  industries developed, turned into a state with a small economy, which  could not boast of either a rich natural resource potential or an  advantageous geographical position.

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ArmInfo.A new NPP construction project continues to be talked about in Armenia. No one doubts Armenia needs a new nuclear-powers plant (NPP), but its  capacity is being questioned. According to the preliminary data,  Armenia's authorities are inclined to the construction of an NPP with  a capacity of 1,200MW, with experts raising objections. According to  them, Armenia needs an NPP with a capacity of 500MW. 

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