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Armenia lowers growth forecast for 2025 amid cooling Russian inflows: THIS WEEK IN BUSINESS

  • An attempt by Armenia to secure financing for the country’s long-stalled Amulsar gold mine project from the Russian-led Eurasian Development Bank has failed, Economy Minister Gevorg Papoyan confirmed to CivilNet.
  • Armenia lowered its GDP growth projections for next year to 5.1% from 5.6%, as the economy appears to be returning to more sustainable levels of growth after three strong years of expansion.

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