The Armenian government moved on Thursday to obtain yet another large-scale foreign loan which it hopes will help the country overcome the ongoing economic crisis.
Armenian Government Approves 2010 Budget
The Armenian government approved on Thursday the final version of next year’s budget and is set to submit it to parliament for consideration and approval, Finance Minister Tigran Davtian told reporters.
Armenia GDP to Shrink 5.8 Percent in 2009, Says Central Bank
Armenia’s economy will shrink by 5.8 percent in 2009, more than originally feared, the Central Bank of Armenia (CBA) predicted on Tuesday.