Armenia eyes bigger economic growth than outlined in the budgetApril 6, 2017 - 13:39 AMT PanARMENIAN.Net - The Armenian government aspires to a much higher rate of economic growth for medium-term programs, than the 3.2% projected in the budget, finance minister Vardan Aramyan told a cabinet session on Thursday, April 6. “It’s very important for us to redirect additional resources to capital expenditure. We have had several rounds of discussions on prioritizing the funding of projects which are capital in nature,” Aramyan said. “We have outlined projects worth $98 million which can be implemented this year.” The minister said the $98 million will have a definite impact on debt and deficit rates. On the other hand, he said, it’s important to stabilize the debt over the medium term. “We have good news here. We overfulfiled the AMD 1,135 trillion plan by about AMD 11.5 billion,” the minister said, adding that they hope to maintain the same pace of development in the future. 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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. 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. |