Armenia improves position in Armenia improves position in Global Competitiveness Index by 2 pointsOctober 17, 2018 - 18:22 AMT PanARMENIAN.Net - Armenia is 70th in the list of 140 countries in the rating of “Global Competitiveness Index 2018” published by World Economic Forum. Armenia hence improved its position by 2 points compared to 2017. The rating is formed based on 12 main standards in state institutions, infrastructures, macroeconomic indicators, healthcare, education, labour market, etc. Armenia made a progress in 11 directions from possible 12, regressing only in macroeconomic environment. In the rating Armenia continues to remain behind the neighbour countries, in particular from Azerbaijan which is 69th and Georgia- the 66th. USA is on top of the rating followed by Singapore, Germany, Switzerland and Japan. 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 | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine |