IMF: World economy registers tendency towards stabilizationSeptember 9, 2009 - 17:29 AMT PanARMENIAN.Net - World economy registers tendency towards stabilization, International Monetary Fund representative in Armenia, Nienke Oomes stated. "World economy restoration is a slow process, yet economists around the world believe that tendency towards stabilization is evident, specifically in Russia and Europe," she said.World price increase for copper and molybdenum proves the restoration process has already started. "Copper and molybdenum price increase will benefit Armenia, as an exporter," she noted. According to Oomes, national currency devaluation in March played into exporters' hands. Mining companies, which stood idle, have already started production work. 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 | Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. Armenia: Protesters march to parliament, some spend the night on street The protesters did not disperse despite heavy rain that began at around 2 a.m. local time. 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. |