RA government must support domestic manufacturers under global economic crisisMarch 6, 2009 - 18:17 AMT PanARMENIAN.Net - "The National Assembly of Armenia must pass a Law on Industry and set up a Ministry of Trade & Industry," the Head of Armenian Manufacturers Union Vazgen Safaryan told a news conference on Friday. ''Under new CBA floating exchange rate policy and world financial crisis the Government should take care of local manufacturers and the Armenian industry.'' "In the 1930-s, when the crisis hit America for the first time, the US Government passed a law on Industry Restoration". Armenia is in similar situation now, so to strengthen our industry we need to create an investment fund in charge of import strategy, which will help decrease the import volume ( AMD 4,4 billion in 2008). The Armenian Government is already conducting negotiations with leaders of industry and importers urging them to invest in local production,'' Safaryan said. 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 | Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. |