Armenia hopes to register 7-9% GDP growth for 2020-2022, says PMOctober 28, 2019 - 13:22 AMT PanARMENIAN.Net - Armenia hopes to reach an economic growth rate of 7-9% over the period of 2020-2022, Prime Minister Nikol Pashinyan said at a parliament hearing on the country's budget for 2020. Pashinyan said that starting from 2020 pensions will increase by 10%, salaries of 200,000 people will grow, birth allowance for the first child will increase 6 times (to reach AMD 300,000 - about $625 from the current $100), AMD 3 billion will be allocated to help address challenges facing the residents of the Spitak earthquake zone. Total budget revenues will amount to some AMD 1.6 trillion drams (approx. $ 3.3 billion), the PM revealed. 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 | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |