Greece plans to pull out of economic contraction in 2014 October 31, 2012 - 17:02 AMT PanARMENIAN.Net - Greece should finally pull out of six years of economic contraction in 2014 with growth of 0.2 percent, according to a mid-term budget plan unveiled by the Finance Ministry on Wednesday, Oct 31, according to Reuters. The plan, submitted to parliament along with the 2013 budget draft on Wednesday, Oct 31, said the government would achieve a primary budget surplus of 4.5 percent in 2016, two years later than an original goal under Greece's bailout terms with the European Union and the International Monetary Fund. Public debt as a percentage of annual output will continue to rise to 191.6 percent of gross domestic product in 2014 before eventually dropping to 184.9 percent in 2016, the plan said.   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 |  Latest news U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement  Blinken said it is an important step towards concluding a durable and dignified peace agreement.Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday.European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. |
