Armenia’s economy revives

The Armenian Prime Minister, Tigran Sargsyan has stated that the economy grew by 7.2% in 2012. The Prime Minister highlighted the contribution of industry in this regard and also mentioned that the diversification of economic development is taking place in Armenia as well. Meanwhile, Armenia’s state loan is 3.7 billion USD. This represents 37% of the GDP of the country. Mr. Sargsyan said that since it is not more than 50% of GDP, it can be handled.