YEREVAN, June 20. /ARKA/. Armenia's economic prospects for the next few years are positive, Alexey Cherekaev, a project group director at the Eurasian Fund for Stabilization and Development (EFSD), said in an interview with ARKA news agency.

"Given the gradually recovering consumer demand, economic growth is also recovering and according to forecasts, by the end of 2017 it will be 2.7% and 3.6% in 2018. This is why we look at the Armenian economy positively. Its forecasts are the best indicators in the Eurasian Economic Union, "he said.

Cherekaev noted that the growth will be ensured by the growth of consumer demand and exports.

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The Fitch credit rating agency said today in a note that Armenia’s exposure to Russia — particularly as a source of remittances by expatriate Armenian workers — appears to be a key risk for Yerevan’s economy

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The level of financial awareness among the population in Armenia is low, member of the board of the Central Bank of Armenia (CBA) Armenak Darbinyan told reporters on Thursday, in presenting the results of the survey as part of the national strategy on financial education

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Even a slight movement forward by Armenian banks this year amid current economic difficulties will be considered as progress, Samvel Chzmachyan, chairman of the Union of Banks of Armenia, said in an interview with ARKA News Agency

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Armenia’s economic activity index in January-February 2014 grew by 2.4 % when compared with January-February 2013, the National Statistical Service (NSS) said

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Global economy growth will be 2.6% in 2014, a bit higher than in 2013 (2%), says HSBC’s projection

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The International Monetary Fund (IMF) will release its new outlook on Armenian macroeconomic situation in June, said Guillermo Tolosa, IMF Resident Representative in Armenia

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Armenia may post 10-11% GDP growth in 2013 applying to an effective use of resources, Alternative Center director Tatul Manaseryan told reporters on Friday

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Eurostat will publish the second assessment of the Eurozone’s 4Q GDP at 14:00 Moscow time

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Armenia’s economic growth stood at 7.2% by the end of 2012, the country’s prime minister Tigran Sargsyan said

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