Armenian economy is stabilizing

According to the statement of Armenia’s PM Tigran Sargsyan, after the 2009 crisis, Armenia’s economic growth speed has stabilized. In 2011, Armenia’s economic growth was 4.2 %. In the first 8 months of 2012 growth has already reached 7%. The PM also stated that although the trade balance of Armenia is negative recently it is increasing its export; the country is also taking steps in the direction of diversification its economy.