ARMENAL posts 3.7% production drop in 2012 first halfAugust 27, 2012 - 20:58 AMT PanARMENIAN.Net - Yerevan foil rolling plant ARMENAL produced 12 630,1 tons of foil in the first half of 2012, decreasing by 3.7% as compared with the same period last year. Drop in production is conditioned by last winter’s unfavorable weather conditions in Black Sea ports, causing difficulties for ARMENAL to import raw materials from RUSAL factories. According to Armenia’s State Revenue Committee, in Jan-June 2012 ARMENAL replenished RA budget with AMD 672,85 mln, increasing by 11,1% as compared to the last year’s index. Payments to Armenia State Social Security Fund grew by 12,0% to total AMD 137,85 mln, the company’s press service reported. In 2012 first half year, average salary increased by 5% to total AMD 262 105 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. |