Stable growth of financial flows to be registered in 2012: Bagrat Asatryan

YEREVAN, NOVEMBER 4, ARMENPRESS:

During the coming year we will have stable growth of financial flows: the level of private transfers will reach pre-crisis situation, former chairman of the Central Bank Bagrat Asatryan told news conference today.

According to him, for confronting economic challenges of 2012 Armenia must walk in parallel to global economy and "not rely only on cooperation with Russia".

As to Asatryan's forecasts about the 2011 economic crisis, the speaker said that they are coming true – 4-5% economic growth and high inflation.