European Commission President unveils giant investment plan November 26, 2014 - 13:09 AMT PanARMENIAN.Net - European Commission President Jean-Claude Juncker is giving details of a €300bn ($374bn) investment plan to kick-start Europe's economy, BBC News reports. At the heart of his five-year agenda is a €21bn European Fund for Strategic Investment aimed at stimulating growth and jobs. Juncker says it would be used as "seed money", to entice private backers to invest up to 15 times the sum. It would take the burden off national governments, already facing big debts. "Europe needs a kick-start and today the Commission is providing the jump kicks," he told the European Parliament in Strasbourg. Related links:   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 PACE 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.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed.Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills |
