Time in Yerevan: 11:07,   19 April 2024

Armenia's Central Bank forecasts growth of industry and agriculture

Armenia's Central Bank forecasts growth of industry and agriculture

YEREVAN, MAY 25, ARMENPRESS. The Central bank of Armenia has reviewed the forecast for the industry branch in direction of a small growth, which is mainly conditioned by the positive developments of the branch of agriculture, which led to the growth of food processing. In the result of this, the Central Bank predicts a growth of value added 1.5-2.5 percent for the branch of industry.

As reports “Armenpress”, the Central Bank’s inflation report states that the exploitation of the Teghut Mine and the discovery of new export markets in 2015 will substantially contribute to the expected moderate growth. The industry growth will be accelerated in the coming 3 months and will be stabilized in the range of 3.5-4.5 percents.








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