Ex-PM won’t allow for expropriation of pensioners' moneyNovember 27, 2012 - 15:13 AMT PanARMENIAN.Net - Former Prime Minister of Armenia, a member of Armenian National Congress (ANC) opposition bloc's parliamentary group Hrant Bagratyan accused government of having failed to form 100% guaranteed retirement funds. At a November 27 news conference in Yerevan, Hrant Bagratyan expressed confidence that over the half of pension funds will be spent on purchase of foreign securities to provide a 2% VAT growth in future. “We won't allow for peoples' money to become expropriated over Prime Minister Tigran Sargsyan's plans,” Bagratyan said. Bagratyan also expressed displeasure over current pension reforms where pensions are invested as a deposit rather than streamed into pension funds. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |