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 | 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. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. CSTO recognizes Armenia’s sovereign right to withdraw Tasmagambetov has said that if Armenia decides to leave the organization, “it will be the sovereign right of Armenia.” |