  Consumption in Armenia down by 9.1% in 2015-2016: World Bank October 31, 2017 - 15:37 AMT PanARMENIAN.Net - The volume of consumption in Armenia decreased by 9.1% in 2015-2016, the World Bank said in a new report published in October. The drop in consumption was recorded in all countries of Eastern Europe and Central Asia. "After a sharp decline in oil prices, the countries in those regions were unable to stabilize the economic situation," the World Bank said. In the same period, consumption in Russia fell by 14.2%, in Belarus - by 6.2%, in Tajikistan - by 16.4%. As a result of the fall in world oil prices, remittances to Armenia also plunged: in 2017, the volume fell by 55-60% compared to 2015.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Related sections Latest 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 ArmeniaHenrikh 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. |
