Power bills not to be subsidized through state budget: Prime MinisterJune 30, 2015 - 16:23 AMT PanARMENIAN.Net - The subsidies to cover extra costs of electric power won't be provided from Armenia’s state budget, Prime Minister said. Hovik Abrahamyan, however, didn't expand on the sources the funding will be provided from. He also refrained from comments on the Electric Networks of Armenia’s possible nationalization, Tert.am reports. “It is still too early to discuss that. We still have to wait for debates; as a result of the auditing, we’ll have what we will and will by all means make our decision public,” he told reporters. The PM did not respond to remarks about the reported allegations that the auditing will fall short of revealing the abuses in the system. He said the outcomes will be known as early as in July. 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 | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. 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 |