Expert dubs 2011 as year of stagnationDecember 26, 2011 - 14:18 AMT PanARMENIAN.Net - 2011 was a year of stagnation, according to the head of PolitEconomy research center. Andranik Tevanyan explained the aforesaid by authorities’ failure to fulfill their pledges in social-economic sphere during President Serzh Sargsyan’s presidency, as well as intensification of business consolidation and strengthening of oligarchy. In this context the expert recalled authorities’ pledges to ensure 8-10% economic growth, up to 10% poverty reduction, as well as Prime Minister Tigran Sargsyan’s statement that financial and economic crisis will not pose a threat to Armenia. Andranik Tevanyan further attributed current economic growth to inflation. Top stories The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Michael Roth believes sanctions must be put on the table after Baku‘s ethnic cleansing in Nagorno-Karabakh. The Yerevan City Council has elected Tigran Avniyan from the ruling Civil Contract as the mayor of the Armenian capital. The Armenian Parliament on Tuesday, October 3 voted to ratify the Rome Statute of the International Criminal Court. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. U.S. believes peace is “possible” in South Caucasus The United States continues to believe that peace is possible in the South Caucasus, Vedant Patel said. |