  BSTDB head hails Armenia’s withstanding economic crisis June 21, 2012 - 15:55 AMT PanARMENIAN.Net - While the region is still overcoming the consequences of the global economic crisis, Armenia can serve a good example for both withstanding it and creating most favorable conditions for the activity of the Black Sea Trade and Development Bank (BSTDB), the bank’s president said. “Armenia became one of the few BSTDB member-countries having recorded only 14% economic decline in 2009. Moreover, it currently ensures sustainable economic growth rates,” Andrey Kondakov said. In this context, he deemed the latest forecasts by the World Bank and International Monetary Fund regarding 0,2% slump on average quite a low indicator. “We positively assess Armenia’s economic situation and stand ready to increase funding in this country,” he said.   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 |  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.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
