YEREVAN, February 13. /ARKA/. Former prime minister Hrant Bagratian said at a Friday news conference that the combined GDP  decline over the last five years amounted to minus 0.8%.

He said according to official data, GDP growth in 2008 was 6.8%, in 2009 it slashed by 14.5%, the negative difference was 7.7%. In 2010 GDP growth was said to be 1%, and in 2011 it contracted by 5.9%, he argued.

"If we put together all these numbers we will get a GDP decline of 0.8%," said Bagratian.

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Tags: Armenia, Bagratian, GDP

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A former Armenian prime minister unveiled today 10, as he said, most important steps which the government must take to stabilize the economy.

Categories: anticrisis.am @en @en, Economy @en, General news, News | Comments Off on Former Armenian prime minister unveils 10 steps for government to take to stabilize economy

Tags: Armenia, Bagratian, Economy @en

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Former Armenian prime minister says Pan-Armenian Bank should be reorganized into investment bank

Categories: Banks @en, Economy @en, General news, News | Comments Off on Former Armenian prime minister says Pan-Armenian Bank should be reorganized into investment bank

Tags: Armenia, Bagratian, investment, Pan-Armenian bank

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