Armenia military budget to dramatically increase in 2018September 28, 2017 - 12:51 AMT PanARMENIAN.Net - Finance minister Vardan Aramyan unveiled Armenia's draft budget for 2018 at a cabinet session on Thursday, September 28. According to the document, defense expenses will amount to AMD246․8 billion next year, up from this year's AMD209,8 billion. The expenditures will thus grow 17.6% in 2018 to amount to some $518 millionat current exchange rates. The country's military budget had risen from AMD 208 billion in 2016 to AMD209.8 billion in 2017. 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 | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |