Finance Minister assesses Armenia’s national debt as manageableJune 30, 2011 - 18:03 AMT PanARMENIAN.Net - Armenian government approved 2012-2014 Strategic Program for National Debt Management at June 30 sitting in Vayots Dzor Province. The document envisages a national debt of USD 1.75 bln in 2011; USD 4 blin in 2012; USD 4.15 bln in 2013 and USD 4.3 bln in 2014. At present Armenia’s national debt ranges within 40-50% from GDP, without exceeding the level stipulated by the Law on National Debt. At the sitting, Armenian Minister of Finance Vache Gabrielyan assessed current situation with national debt as manageable, noting that economic growth might only be affected in case the debt ranged within 70% from GDP. 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. |