Armenia military budget to dramatically increase in 2018September 28, 2017 - 12:51 AMT PanARMENIAN.Net - Finance minister Vardan Aramyan unveiled Armenia's draft budget for 2018 at a cabinet session on Thursday, September 28. According to the document, defense expenses will amount to AMD246․8 billion next year, up from this year's AMD209,8 billion. The expenditures will thus grow 17.6% in 2018 to amount to some $518 millionat current exchange rates. The country's military budget had risen from AMD 208 billion in 2016 to AMD209.8 billion in 2017. 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 | Erdogan wants “realistic road map” for relations with Armenia Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia. Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements. Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of Armenia Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |