Armenia’s Economic Growth is Accounted by Foreign Factors” Bagrat Asatryan

The economic growth Armenia saw during the first 5 months is accounted for by foreign factors, former president of Armenia’s Central Bank Bagrat Asatryan told a press conference today.

According to him the metal prices in world market went up during the period under discussion and that resulted in a significant grow in economy.

“During the four months this year a 10% growth has been registered in industry sector,” said Asatryan, adding that the growth in other spheres was not that significant.

“Growth is said to have been registered, but except authorities, all are worried by what is happening in agriculture sector. The authorities say there is growth. May it be so,” said he.

Asatryan also said that transfers have also been increased this year which has in turn contributed to the economic growth in Armenia’s economy.