ECONOMIC GROWTH IN ARMENIA IN 2005 IS FORECASTED AT 13.5%

YEREVAN, DECEMBER 20. ARMINFO. According to the Central Bank of Armenia, the economic growth in Armenia in 2005 will total 13.5%, forecasted CB Chairman Tigran Sargsyan during his meeting with bankers, Wednesday, on December 28, the Armenian Public Television reports.

Sargsyan said GDP in USD will rise by 35%. Export will grew by 33%, import by 30%. All the reforms aim to ensure high development rates of financial sector in order that Armenia is able to compete with its neighbors and become the financial center of the South Caucasus. I am sure will are able to solve this task and the year 2006 will be crucial for the country’s financial sector, T.Sargsyan said.