YEREVAN, December 24, /ARKA/. Armenia’s economic growth of about 6% this year is within the expected band and is quite positive, the ex-head of the Central Bank Bagrat Asatryan told reporters today. Speaking at a news conference he said the figure is very good for the current year in view of certain structural changes taking place in the economy.

He said one should not expect that six months after dramatic political changes that has brought about a kind of stress, the crackdown on corruption and monopolies will translate into high economic figures. At the same time, he said the economic policy of the new Armenian government has both omissions and positive trends.

As a negative factor, he singled out the change in the balance of foreign trade balance with higher rates of imports that will almost double exports by yearend. As a positive factor he pointed out structural changes in the economy, including the growth of the processing industry against the background of a drop in the mining sector.

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Today Armenia is actually not ready for foreign investments, former head of the Central Bank Bagrat Asatryan told journalists on Wednesday

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The ongoing plunge of Russian ruble could lead to the replacement of Armenia-made goods by Russian-made, warned today an ex-head of the Central Bank of Armenia Bagrat Asatryan

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Bagrat Asatryan
Former chairman of Armenian Central Bank Bagrat Asatryan

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