YEREVAN, October 6. /ARKA/. Armenia is gradually going back to stable economic development, Armenian Finance Minister Tigran Davtyan said Wednesday at a news conference.

He said that the government pursued a well-thought-out and justified expansionary policy in 2009 and is gradually stepping back from it either in economic or in budget planning.

The government refrains from a sharp back-off since finds this risky.

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Things on Armenia’s foreign exchange will remain volatile, Armenian Finance Minister Tigran Davtyan said Wednesday at a press conference.

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Armenian government intends to concentrate its efforts on curbing inflation risks in 2010, Finance Minister Tigran Davtyan said at a press conference on Wednesday.

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Armenian Finance Minister Tigran Davtyan said 2010 would be a year of recovery for Armenia.

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Despite the difficulties Armenia faced in the beginning of 2009, the country has managed to survive the crisis, Armenian Finance Minister Tigran Davtyan said.

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Armenian finance minister not so happy about Armenian banks’ behavior amid crisis

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Finance minister downplays speculations that foreign debt may reach 50% of its GDP

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