Armenia's debt service coverage to comprise $123 million in 2010November 10, 2009 - 14:07 AMT PanARMENIAN.Net - Armenia's 2010 state debt service coverage will comprise $123 million, Gagik Minasyan, Chair of NA Committee on Financial-Budgetary Affairs, told today a news conference in Yerevan.At that he noted that Armenian government has attracted enough credits for mitigating crisis impact and reducing social expenditures. "Armenia is not a special country in that regard since the method is used by many other countries," he said. In that context, Minasyan brought the example of Russia, the world's biggest energy bearer, which managed to accumulate a reserve fund in 2009 and use its lion's share by 2010. Along with other countries, Armenia is conducting talks with international organizations over restructuring the credits attracted, Minasyan added. "Negotiations with international financial organizations are already under way, and that will alleviate the country's burden in terms of paying off state debts," Chair of parliamentary committee 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 | Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them. Armenian Foreign Minister regrets “tragic loss” of Iranian counterpart The Armenian Foreign Ministry has expressed shock over the death of the Iranian President and the Minister of Foreign Affairs. Armenian PM sends condolences to Iran Prime Minister Nikol Pashinyan sent a message of condolence to the Supreme Leader Seyyed Ali Khamenei. |