Yerevan /Mediamax/. Armenian Minister of Finance Tigran Davtyan believes that due to preservation of macroeconomic stability, the decline in Armenian economy did not influence the country’ investment attractiveness much.

Mediamax reports that, speaking in the parliament today, the Minister stated that now the decline in the Armenian economy against the background of the global crisis is of “technical nature” and the reestablishment processes will begin in 2010. He reminded that according to the draft state budget of 2010, GDP growth in Armenia will make 1.2%.

“Armenia was one of the last countries to enter the economic crisis and there are all chances that our country will come out of the crisis earlier than others”, Tigran Davtyan stated. According to him, 120bln AMD from 185bln AMD ($500mln) from the Russian loan have already been directed to the real sector of economy, including to crediting of small and medium enterprises.