Time for economic revolution, Armenia's Pashinyan tells euronews (video) January 24, 2019 - 10:18 AMT PanARMENIAN.Net - Reforms are underway in Armenia, according to Prime Minister Nikol Pashinyan. In an interview with Euronews, Pashinyan said it's time for his country to transform the "political revolution to an economic one." Pashinyan came to power in May 2018 after weeks of mass protests against corruption and cronyism. The former newspaper editor, who was jailed for stirring unrest in 2008, marked a dramatic break from the cadre of rulers who have run Armenia since the late 1990s. At Davos, Pashinyan said he wanted to reform the tax code and reduce taxes for individuals and businesses and hopes to attract foreign investment. He also wants to tackle poverty by introducing microfinance. "We will encourage our people to take measures to start some business activities and to help [them] overcome poverty which is the biggest problem," he said. 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 | 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. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |