2/3 of Armenia's GDP decline conditioned by construction reductionNovember 12, 2009 - 17:35 AMT PanARMENIAN.Net - "Over 9 months of 2009 GDP declined by 18.3 per cent, which is quite a negative index," Permanent Representative of International Monetary Fund in Armenia Nienke Oomes told a press conference in Yerevan. However, she stressed that 18.3 per cent decline in GDP is greatly conditioned by recession in the construction industry. ![]() ![]() Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. ![]() ![]() Partner news | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |