Armenian Minister of Economy predicts investment growth May 6, 2011 - 12:56 AMT PanARMENIAN.Net - Armenian Minister of Economy Tigran Davtyan said that growth in investments is expected in Armenia in 2011. “Hopefully, the Armenia Diaspora will become more active when the global economic crisis is overcome, what will lead to increase in the volume of investments recorded prior to the crisis,” Davtyan told a press conference in Yerevan on May 6. According to the Minister, certain results will be seen by midyear, the more so as tens of investment programs are implemented throughout the country. Davtyan also attached importance to investment projects in small and medium enterprises (SME). H added that major part of new programs is implemented with SME. 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 | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |