2009 worst economic year for ArmeniaDecember 10, 2009 - 13:32 AMT PanARMENIAN.Net - 2009 was the worst economic year in Armenia's modern history, according to Bagrat Asatryan, former CBA chairman. "The economic recession will exceed 15% in 2009. By the end of the year the GDP will make AMD 3 trillion 100 billion. The government should take action to improve the situation otherwise the country's economy will come across greater hardships during the coming years," he said. "The current crisis is the result of state policy," Asatryan 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 | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |