Govt. to allocate AMD 6,1 bn for industry, construction developmentOctober 11, 2013 - 18:40 AMT PanARMENIAN.Net - AMD 6,1 billion was allocated out of the 2014 state budget for development of industry and construction, with AMD 60 million in subsidies to be provided to export-oriented enterprises, the head of the Union of Manufacturers and Businessmen (Employers) of Armenia Vazgen Safaryan said. In Soviet times, the industry share in Armenia's GDP comprised 61%, allowing the republic to develop a stable economic system. According to Safaryan, the governemnt faces a task of increasing the industry share in GDP to 35%, up from current 20%. As of 2012, Armenian industry manufactured over AMD 1 billion worth of products, for the first time after declaration of the country’s independence. A 9,2% upsurge in the industry sector is planned in 2013. According to the CIS Statistical Committee, Armenia is the 4th among the CIS states for industrial production growth in January-August 2013, posting a 6,2% upsurge against the 2012 results. Kirghizstan, Uzbekistan and Moldova top the list. 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 | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |