Armenia's state debt service to peak in 2013-2014December 29, 2009 - 14:41 AMT PanARMENIAN.Net - Armenia's state debt will not exceed 50 percent of GDP in 2010, RA Minister of Finance Tigran Davtyan told a final press conference in Yerevan. "We do not incur debts, which we could not service, and our current debts will not be inherited by our children," he assured. However, according to the Minister, the national state debt will be difficult to service within the next several years, with peak in 2013-2014. In 2010 Armenia will receive 100 million euros from the EU, 35 million euros out of which is a grant, while the remainder is provided at a preferential terms. Armenian government negotiates with Russia over USD 100-120 million loan for the development of diamond industry. It is expected that ALROSA will supply raw materials to Armenian diamond cutting enterprises, while the government will provide guarantees. Top stories As a result of floods in Armenia’s northern Lori and Tavush provinces, 17 bridges, including five large ones, have collapsed. David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Prime Minister Nikol Pashinyan has met with Stephan Schütz, Executive Partner at Gerkan, Marg and Partners. The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said. Partner news Most popular in the section | 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. 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. €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. |