Finance Minister: no visible risks to economy development in ArmeniaFebruary 2, 2012 - 14:50 AMT PanARMENIAN.Net - State budget implementability data for January 2012 suggests no visible risks to curb the country’s basic economic development, according to Armenian Finance Minister. “The world holds breath in expectation of economy developments in Europe, which, if negative, cannot but reflect on Armenia,” Vache Gabrielyan told a news conference in Yerevan. The Minister, however, was skeptical as to the possibility of “apocalyptical” aggravations, especially considering the expected 4%-4,5% economic growth Russia. Mr.Gabrielyan further ruled out any risks for the county’s economic development which might be caused by the oncoming elections. 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 | 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. |