“Next year, Armenian economy will start recovering. After 2009’s GDP slump of 18.3%, an upsurge of 1.2% is expected in 2010,” RA Finance Minister Tigran Davtyan stated at parliament hearings on budget issues.
According to the Minister, Armenia was the last to face world crisis and has best chances of recovery. “As a whole, macroeconomic stability is preserved in Armenia. Major part of Russian credits is directed into RA economy sector to support small & medium businesses,” Tigran Davtyan noted.
