Armenia's fixed 17.5% economic downfall in January-October 2009November 20, 2009 - 15:08 AMT PanARMENIAN.Net - Over the past 10 months, Armenia fixed a 17.5% economic downfall compared to the same period of last year. According to the official data of RA National Statistic Service, GDP in January-February comprised AMD 2466,3 billion. This is a very promising rate which leads local and foreign experts to the assumption that 2009 economic downfall will make up 15%. Inflation rate in January-October was 3%, compared to the same period of last year. Whereas only in October, this rate comprised 0.5% compared to September 2009. 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. |