ARMENIAN PRESIDENT: "OUR ECONOMY HAS OVERCOME THE TRANSITION PERIOD AND HAS ENTERED THE PHASE OF STABLE DEVELOPMENT"

Mediamax
Oct 10 2007
Armenia

Yerevan, October 10 /Mediamax/. The volume of foreign investments in
the Armenian economy this year made $532.9mln.

As the special correspondent of Mediamax reports from Brussels,
Executive Director of the Armenian Development Agency Tigran Davtian
brought these numbers, speaking on October 9 at the Armenian-Belgian
business-forum. He informed that in 2007 the GDP volume in Armenia
will make $8.1bln, as compared to $7.1bln in 2006.

Tigran Davtian noted that, according to the forecasts, the GDP
volume per head will make $3.200 in 2008, which can be compared to
the indices of Eastern Europe states.

Speaking at the business-forum, Armenian President Robert Kocharian
stated that "today we can state with confidence that the economy of
our country has overcome the transition period and entered the phase
of stable development".