Armenian president expects 7% economic growth

During the snap meeting conducted by the new government on June 18, Armenian President Serzh Sarkisyan stated that in 2012 he expects to see 7% economic growth in the country. It should be mentioned that some time ago the World Bank prognosis for economic growth in Armenia in 2012 was fixed at 4.3%. However, the new Armenian government in its action plan highlights different priorities. First it intends to increase two-fold the minimum salaries, decrease the level of poverty by 5% and create more than 100, 000 new jobs in the country. This was declared by PM Tigran Sarkisyan. The Armenian government plans to move to the strategy for economic development in the country.