YEREVAN, July 26. /ARKA/. Armenia will provide economic growth in 2010, said Armenian Minister of Finance Tigran Davtyan.

“We underwent a hard period and are returning to normal development of economy. We expect stabilization and growth of economy”, said Davtyan.

The year 2009 was a serious trial for the Armenian economy and was characterized by the largest decline during the last 10 years.

Despite the registered decline of 14% of economy, Armenia could manage to maintain macroeconomical and financial stability and implement all planned expenses by the State Budget.

Stabilization of Armenian economy started at the end of 2009 when rehabilitation of economic growth started and now we enter the period of development.

Currently we have all pre-conditions for development.

For the provision of further economic growth in Armenia it is necessary to solve the problem of diversification of economy, development of export, stabilization of economy and macroeconomic indicators.

International Monetary Fund (IMF) kept unchanged its prognosis regarding the growth of Armenian economy by the results of 2010 on the level of 4.8% and EBRD – increased the prognosis of economic growth from 4.5% to 4.6%. According to Armenian National Statistic Service, GDP growth in January-June was 6.7% and inflation - 7.3%. According to State Budget, GDP in 2010 in Armenia was planned on the level of 1.2% and inflation - 4±1.5%. --0—