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According to the National Statistical Service of Armenia real GDP growth in the first quarter of 2016 is 4.4% (compared with the first quarter of 2015).
GDP volume is AMD 898.2 bln ( USD 1.83 bln). Per capita GDP in the first quarter is USD 613.
So, the GDP real growth is much higer than the forecasts of the RA Government and international organizations. According to the State Budget 2016 the government expects 2.2% real GDP growth in 2016. As for the World Bank and International Monetary Fund, they both expect 1.9% GDP growth this year.
Converse Bank offers its customers a payment card that is unique at the market – Shopping Card.
“With this issuance, Converse Bank will diversify its liabilities portfolio and will direct the attracted funds to the financing of different investment project in different sectors of the economy,” commented Arthur Hakobyan, Converse Bank’s CEO.
The new “free economic zone” near Armenia’s border with Iran will be launched by the end of this year.