  IFC to boost Armenia’s competitiveness January 19, 2012 - 14:38 AMT PanARMENIAN.Net - On January 19, Armenian government approved signing of an agreement with the International Finance Corporation (IFC) at $1,9 mln. In this context, Armenian Minister of Economy Tigran Davtyan noted that cooperation with IFC envisages assistance to the projects enhancing business environment of the republic, particularly boosting Armenia’s competitiveness in the global market and improving positions in WB Doing Business report. Prime Minister Tigran Sargsyan, in turn, stressed the importance of the document due to which Armenia has improved its position by 6 points.   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 |  Latest news 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.Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province.€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. |
