Tigran Davtyan: Armenia will not face problems with state debt servicingOctober 6, 2010 - 15:55 AMT PanARMENIAN.Net - Armenian Minister of Finance Tigran Davtyan said that the state debt/GDP ratio will make 42-44% by the end of 2010 in Armenia that does not exceed international norms of acceptable level. “We have not exceeded the acceptable level,” Davtyan told journalists on October 6. He noted that the International Monetary Fund has reviewed the terms of aid provided to Armenia, extending maturity dates and decreasing interest rates. “Negotiations on loans refinancing are held also with other organizations,” he said. Moreover, according to Davtyan, the state debt servicing is reflected in the mid-term expenditure program of the Armenian government and does not cause any concerns. However, the Minister added that Armenia should treat more carefully the matter of additional funds attraction. 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. |