YEREVAN. – We forecast a small but positive growth this year for Armenia.

Deputy Prime Minister and International Economic Integration and Reforms Minister Vache Gabrielyan told the above-said to several reporters on Tuesday.

“The economic situation [in the country] is not the best, but it is stable,” the minister noted.

In his words, Russia’s economic decline will not affect Armenia’s economy because, in addition to Russia, Armenia exports products to several other countries.

“We have a more diverse geographical scope of exports; our export and import volumes are better,” Gabrielyan stated. “Of course, reduction in the flow of remittances [to Armenia] affects the economy, but there are certain products that are exported to numerous countries.”