Armenia public debt closing in on $8 billionJanuary 25, 2021 - 15:30 AMT PanARMENIAN.Net - Armenia's public debt grew by $647.2 million in 2020 and amounted to $7,968.5 billion as of December 31, Armbanks.am reports citing data from the Finance Ministry of the country. Within the total debt, the Armenian government accounts for more than $7.5 billion (an increase of $ 676.6 million), while the debt of the Central Bank has dropped by $29.4 million to $459.9 million. Finance Minister Atom Janjughazyan said in November that the country's debt-to-GDP ratio would be 66.5% by the end of 2020 against 49.9% in 2019, and will reach 67% in 2021. 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. |