Armenia is a leader among the EEU countries in terms of economic growth, which is projected at 11% by the end of the year, head of the Center for Integration Studies of the Eurasian Development Bank Anton Malakhov said at the international forum "Economic Security and Sustainability of the Eurasian Economic Union: State and Business Opportunities" in Yerevan Thursday. According to him, the growth in remittances has also contributed to this trend.
He informed that the specific weight of the foreign trade turnover of Armenia with the EEU member states in the first 9 months of 2022 was 36.2%. "During the same period last year, this indicator was 32.2%," Malakhov added.
The representative of the Bank reported about more than 100 investment projects worth 38 billion dollars within the framework of the North-South international transport corridor.
"Full realization of this project, within which there are 40 obstacles, together with TRACECA project will allow Armenia to strengthen its role as a hub and become a center of transit traffic," Malakhov concluded.