  Govt. deems doubling minimal salary amount unreasonable September 20, 2012 - 13:06 AMT PanARMENIAN.Net - The government of Armenia turned down the bill on minimal salary, submitted by parliamentarians. According to Finance Minister Vache Gabrielyan, the bill envisages doubling of current minimal salary from AMD 32500 to 72500. As he noted, the project might trigger serious problems in the country’s economic development, becoming a burden for Armenia’s state budget. “The 100% minimal salary increase will entail expenditures of AMD 360 bn for the state sector, as well as boost the instances of shadow economy in the private sector, unwilling to declare the actual amount of salaries,” the Minister said. However, as he noted, both 2013-2015 governmental program and 2013 state budget project stipulate for minimal salary increase.   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. |
