17.11.2017 17:42
YEREVAN, November 17. /ARKA/. The Eurasian Development Bank (EDB) commends Armenia for the positive effect from a set of reforms carried out by its government, Alisher Mirzoyev, a senior official at the Eurasian Fund for Stabilization and Development (EFSD) in charge of financial loans, said in an exclusive interview to ARKA news agency.
"In the first half of 2017, Armenian GDP grew by 5.9% compared to 3.5% growth in the same period in 2016. In the first 9 months of 2017 the economic activity index accelerated to 5.1% compared to 1.6% for that period in 2016," he noted.
Mirzoyev said also Armenia’s economic growth since 2014 has been largely driven by exports. Thus, according to the National Statistical Service, exports in January-September of 2017 increased by 19.1% from the year before to $1.5 billion. Exports to several former Soviet republics, making the Commonwealth of Independent States (CIS) grew by 25.2% to $360.8 million, exports to EU countries surged by 33.8% to $462.9 million, and to other countries it grew by 8.8% to $722.9 million.
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