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Implementation of structural reforms in Armenia could increase real GDP by 7 percent - IMF

10.06.2019 18:50

Implementation of structural reforms in Armenia could increase real GDP by 7 percent - IMF

YEREVAN, June 10. /ARKA/. A full implementation of structural reforms in Armenia could increase the country's real GDP by as much as 7 percent over the long run, the International Monetary Fund says in its fresh report.

The IMF report is focused on the impact of the government’s reform agenda, which covers three broad areas: tax policy and pension; governance, government efficiency, and corruption; and labor market and competition.

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Armenia’s public debt-to-GDP ratio in 2018 was 55.8%

05.06.2019 18:53

Armenia’s public debt-to-GDP ratio  in 2018 was 55.8%

Armenia’s public debt-to-GDP ratio in 2018 was 55.8%, up from the projected 54.2%, Armenian Finance Minister Atom Janjughazyan said today in parliament, which convened to look into the execution of the state budget last year

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Armenian government’s debt in 2019 to amount to $6.913 billion or 49.8% of GDP

25.12.2018 18:56

Armenian government’s debt in 2019 to amount to $6.913 billion or 49.8% of GDP

Armenian government’s debt in 2019 will amount to $6.913 billion or 49.8% of GDP, by $465 million more than in the outgoing year, the Ministry of Finance said in the annual loan program for next year, published on its official website

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Moody’s: CIS companies' 2019 outlook is stable on continuing GDP growth and supportive oil prices

13.12.2018 17:24

Moody’s: CIS companies' 2019 outlook is stable on continuing GDP growth and supportive oil prices

The outlook for non-financial companies in the Commonwealth of Independent States (CIS) for 2019 is stable, Moody’s Investors Service said in its annual outlook on the region

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Armenia’s public debt in 2019 to stabilize within 50% of GDP

27.09.2018 17:30

Armenia’s public debt in 2019 to stabilize within 50% of GDP

Armenia’s public debt in 2019 is expected to stabilize within 50% of GDP, Finance Minister Atom Janjughazyan said at a government meeting on Thursday, when presenting the draft state budget for 2019

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Taxes paid by SMEs dropped by 2.3 percent in 2017

03.07.2018 18:59

Taxes paid by SMEs dropped by 2.3 percent in 2017

The amount of taxes paid in 2017 by Armenia’s SMEs decreased by 2.3% from the previous year to 209.4 million drams, according to a report by the Business Support Office

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IMF estimates Armenia’s informal economy at 36% of GDP

07.02.2018 16:59

IMF estimates Armenia’s informal economy at 36% of GDP

A recent study by the International Monetary Fund (IMF) titled, ‘Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?’ estimates Armenia’s informal (shadow) economy at 36% of its overall GDP

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Armenian central bank puts 2017 GDP growth at 6.4 percent

17.01.2018 13:49

Armenian central bank puts 2017 GDP growth at 6.4 percent

Armenia’s Central Bank had revised upward its GDP growth forecast for 2017 to 6.4%, up from its previous forecast of 4.6%. The higher forecast was announced during a meeting of the Central Bank’s Board, held on December 26, 2017

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Armenia raises national debt ceiling

20.12.2017 18:05

Armenia raises national debt ceiling

A set of amendments passed today in the second and final reading to Armenian laws related to the state budget and the national debt, provide for three national debt ceilings – 40%, 50% and 60% of the GDP

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Public debt-GDP ratio expected to be recorded at 55.4% in Armenia in 2017

13.12.2017 15:11

Public debt-GDP ratio expected to be recorded at 55.4% in Armenia in 2017

The ratio of Armenia’s public debt to gross domestic product is expected to stand at 55.4% in 2017, Vardan Aramyan, finance minister, said Tuesday at the budget system discussion in the National Assembly

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