Arthur Javadyan: introduction of mandatory vehicle insurance is of social and economic importanceDecember 28, 2010 - 18:59 AMT PanARMENIAN.Net - Chairman of the Central Bank of Armenia (CBA) Arthur Javadyan said that introduction of the system of mandatory vehicle insurance is among significant achievements in 2010. “The mandatory vehicle insurance is of social and economic importance. Due to introduction of the system, those citizens, who suffer as a result of road traffic accident, will receive a relevant compensation,” said Javadyan. “Currently, works are carried out for introduction of another important type of insurance – medical insurance,” concluded Javadyan. 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 | 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. Armenian government besieged by protesters Protesters led by Archbishop Bagrat Galstanyan poured into Yerevan’s Republic Square to try to surround the seat of Armenia’s government. EU calls on Azerbaijan to release all political prisoners The European Union calls on Azerbaijan to release all those imprisoned for exercising their fundamental rights. |