“The year has just started, and I can say, upon our anticipations we’ll record at least 6-7% industrial growth by the end of the year, and in average we’ll record 20-30% export growth,” Suren Karayan, Minister of Economic Development and Investments, told reporters today after the Cabinet meeting.
Today’s Cabinet meeting PM Karen Karapetyan started with traditional instructions. The PM commented on the irrigation water loss problem which results from water release from Sevan Lake. The PM said every year water is released from the Sevan Lake for irrigation, but water losses occur during that process and this issue must be solved.
First data of 2017 are already known: National Statistical Service of Armenia issued initial macroeconomic indices for January 2017.
“Everything depends on Azerbaijan’s internal condition. It’s known that the so-called “Karabakh issue” is a means to divert Azerbaijanis from economic and social issues. Oil trough is being failed, and mid-clan struggle is increasing. All this, of course, causes concerns.”
“Organizing all this under war conditions isn’t easy, on account of the fact that both diplomatic and political work is necessary to record such results under the conditions of military activation on the contact line.”
“Currently we have discussed two energy corridors with Iran’s Energy Minister—one of them is Russia-Georgia-Armenia-Iran. Currently feasibility study is being developed, which will be ready in the second half of ongoing year,” Novak said.
The Armenian economic activity index for January 2017 surpassed the index of the same period of the previous year by 6.5%. The National Statistical Service of the Republic of Armenia has introduced the current-operative preliminary main macro-economic indicators characterizing the socio-economic situation of Armenia.
SCPEC President’s advisor Gayane Sahakyan said the commission inquired from the State Revenue Committee and two dominant business operators of the sphere – Flash LLC and CPS Oil Corporation LLC, as well as Max Petrol CJSC.
The most expensive prices are recorded in Kentron administrative district—average price for 1m2 comprised AMD 428250. The second place holds Arabkir administrative district (AMD 357450 for 1m2), which is followed by Kanaker-Zeytun (AMD 283350 for 1m2) and Davtashen (AMD 277300 for 1m2).
“It’s clear that Armenia’s presence in CSTO provides the opportunity to institutionalize relations with Russia, i.e. CSTO interests Armenia, firstly, out of Russian factor, and this is creation of another “single flag”, under which Armenia can have support from Russia in various issues. Everybody knows which issues are meant, from which—Azerbaijani aggression, Turkish factor, which undoubtedly is considered important.”
