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Situation is better in Black Sea countries than in eurozone – Black Sea Bank Pre

14:08, 22.06.2012 Region: Armenia Theme: Economics

YEREVAN. – There is a six-percent economic growth in the Black Sea countries and this is lot higher than in the eurozone, Black Sea Trade and Development Bank (BSTDB) President Andrey Kondakov said Friday, during the BSTDB-organized business forum held in Armenia’s capital, Yerevan.   

In his words, there is an extremely variable and an uncertain environment in the world at present. 

As per Kondakov, Armenia is a very good example of stability because it has a real and steady GDP growth, a stable national currency, single-digit inflation, and a low state debt.

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