Armenian premier: Largest growth in 2019 shown by accommodation and catering – 27.2%

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YEREVAN, February 22. /ARKA/. The largest growth in 2019 was shown by accommodation and catering – 27.2%, which came as a result of the growth of tourist flows, Armenian Prime Minister Nikol Pashinyan reported on his Facebook page.

“The financial and insurance services sector came second with its 22% growth, which gives hope for a further reduction in interest rates on loans. The growth of the processing industry in Armenia was 12% in 2019 – it was ahead of all other sectors of the economy for the first time since 2008 in the structure of GDP. Its share in GDP was 12.1%. This means that the production potential of our country is being recovered and developed,” Pashinyan wrote.

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