Saturday, January 24 2015 12:47

The EBRD's forecast that the Armenian economy will stagnate in 2015 was a political put-up job and a reaction to Armenia's decision to join the Eurasian Economic Union, Armenian MP Artsvik Minasyan told journalists on Saturday.

"The EBRD complies with the EU's policy, so, it also has political motives. So, its negative outlook concerning Armenia was just a response to the country's accession to the Eurasian Economic Union," Minasyan said.

He said that this outlook may have an influence potential investors but it had no influence when Armenia issued sovereign eurobonds with a low rate and a high rating. "Then we were negotiating association with the EU but the issue of bonds spurred no inflow of investments," the MP said.

In Jan 2015 the EBRD downgraded its outlook of Armenia's GDP growth in 2015 from 3.5% to 0%.  Minasyan does not agree with this opinion and expects a 4-4.5% GDP growth this year. "If we want to attract more investments, we need reforms," the MP said.