Armenia's economy was prepared for crisisJuly 8, 2009 - 22:41 AMT PanARMENIAN.Net - Armenia has a good anti-crisis program, a Russian scholar said. "The Armenian government was well prepared. It's the result of responsible macroeconomic policy, small amount of debts and good relationship with international financial structures," Lev Freikman, adviser to the rector of Russian Academy of Agriculture, told a PanARMENIAN.Net reporter. Asked whether the government was a bit late with countermeasures, he said he does not see any problems. "The mechanism to combat the crisis is simple. Extra budget expenditures, extra demand and increase in transfer flows will help Armenia overcome the crisis," Mr. Freikman 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |