External debt of each Armenian citizen totals $1480, paper saysMarch 2, 2012 - 09:43 AMT PanARMENIAN.Net - According to the official data, the state debt of the Republic of Armenia totalled approximately USD 4.137 billion as of December 31, 2011, of which the external debt makes $3.568 billion. Haykakan Zhamanak paper reports that during the past year only the external debt of the country increased by over 8 per cent or $270 million; domestic debt rose by $93 million. Thus Armenia’s state debt grew by $363 million. In other words, the Armenian government borrowed one million dollars daily, including the week-ends, throughout the whole year 2011. Taking into account the data of the recent national census, each Armenian citizen has a debt of $1480. Top stories David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Prime Minister Nikol Pashinyan has met with Stephan Schütz, Executive Partner at Gerkan, Marg and Partners. The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said. From September 21 to November 11, a total of 2,820 Russians registered at a place of residence in Armenia, the police has said. Partner news | Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. Armenia says ready to extend nuclear plant’s lifetime by 10 years Armenia has taken necessary measures to extend the lifetime of its nuclear power plant until 2036. Ameriabank's Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC Ameriabank received the awards from international financial institutions in recognition of its trade finance operations. Armenian Economy Minister to make trip to UAE May 20-22 A delegation led by Minister of Economy Gevorg Papoyan will travel to the UAE capital of Abu Dhabi on May 20-22 |