Gas tariff drop to lead to declining energy prices: Armenia MinisterMay 4, 2016 - 14:01 AMT PanARMENIAN.Net - The reduction of gas tariffs will obviously have a positive impact on Armenia’s economy, Minister of Economy Artsvik Minasyan told reporters Wednesday, May 4. “The positive impact is largely determined by the amount of reduction and the sectors to be affected by the drop,” Minasyan said, according to Panorama.am. “The gas tariff decrease will cause a drop in electricity prices, which, in turn, will lead to cost reduction and competitiveness enhancement of our product.” “Such developments will naturally have an impact on commodity prices too,” Minasyan added. 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 | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |