Armenia hopes to register 7-9% GDP growth for 2020-2022, says PMOctober 28, 2019 - 13:22 AMT PanARMENIAN.Net - Armenia hopes to reach an economic growth rate of 7-9% over the period of 2020-2022, Prime Minister Nikol Pashinyan said at a parliament hearing on the country's budget for 2020. Pashinyan said that starting from 2020 pensions will increase by 10%, salaries of 200,000 people will grow, birth allowance for the first child will increase 6 times (to reach AMD 300,000 - about $625 from the current $100), AMD 3 billion will be allocated to help address challenges facing the residents of the Spitak earthquake zone. Total budget revenues will amount to some AMD 1.6 trillion drams (approx. $ 3.3 billion), the PM revealed. 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 | Fly Arna license suspended, says Armenia official The license of the Armenian airline Fly Arna has been suspended for six months, an official says. President stresses Armenia’s clear position to achieve peace On the eve of the International Francophonie Day, the Armenian President met with French intellectuals. Pashinian meets border villagers on possible land transfer to Azerbaijan Prime Minister Nikol Pashinyan has met with concerned residents of two villages in Armenia’s northern Tavush province. Kazakh Foreign Minister arrives in Armenia Kazakh Foreign Minister Murat Nurtleu on Monday, March 18 arrived in Armenia for a two-day trip. |