European Commission President unveils giant investment planNovember 26, 2014 - 13:09 AMT PanARMENIAN.Net - European Commission President Jean-Claude Juncker is giving details of a €300bn ($374bn) investment plan to kick-start Europe's economy, BBC News reports. At the heart of his five-year agenda is a €21bn European Fund for Strategic Investment aimed at stimulating growth and jobs. Juncker says it would be used as "seed money", to entice private backers to invest up to 15 times the sum. It would take the burden off national governments, already facing big debts. "Europe needs a kick-start and today the Commission is providing the jump kicks," he told the European Parliament in Strasbourg. Related links: Top stories 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 | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |