Vardan Vardanyan promises construction industry growth in 2011December 22, 2010 - 15:55 AMT PanARMENIAN.Net - Armenian Minister of Urban Development Vardan Vardanyan said that 10-12% growth will be recorded in Armenia’s construction industry by the end of 2010 compared to 2009. The global crisis has first of all affected the construction industry, as a result of which a considerable drop was recorded in it in 2009, Vardanyan told a press conference in Yerevan on December 22. At the same time, Vardanyan is optimistic about the future. “I strongly believe that the growth in the industry will be higher in 2011 compared to 2010. It is proved by the funds, which are envisaged under the state budget,” he said. According to updated data of the RA National Statistical Service, 3.8% drop was recorded in Armenia’s construction industry in January-November 2010. AMD 9.6bln is envisaged to be allocated to the RA Ministry of Urban Development under the state budget in 2011 against AMD 6.2bln in 2010. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |