  Armenia’s Pashinyan says necessary to invest extra $2.5 billion in army December 13, 2018 - 12:12 AMT PanARMENIAN.Net - Acting Prime Minister Nikol Pashinyan told a Cabinet meeting on Thursday, December 13 that he prioritizes the enhancement of capabilities of the Armenian Armed Forces, maintaining that additional $2.5 billion is necessary to this end. “We have said that we must be able to invest $2.5 billion into the development of the army in five years,” said Pashinyan, whose party won a landslide victory in the December 9 snap parliamentary elections. “We need to make serious effort to find the additional resources.” The acting PM also weighed in on the necessity to modernize the country’s military-industrial complex, the solution of which, he said, is connected with the government’s vision of turning Armenia into a technological and engineering country. Under the budget for 2019, AMD 307 billion (more than $625 million) will be allocated to the Defense Ministry. From this sum, AMD 300.5 billion will be spent on military defense measures. The defense budget of 2018 had grown 17.6% against the previous year.   Top stories As a result of floods in Armenia’s northern Lori and Tavush provinces, 17 bridges, including five large ones, have collapsed. David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Prime Minister Nikol Pashinyan has met with Stephan Schütz, Executive Partner at Gerkan, Marg and Partners. The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
