Italy falls into recession after 4.7% GDP declineApril 30, 2020 - 17:19 AMT PanARMENIAN.Net - Italy, one of the worst hit countries by the coronavirus pandemic, has fallen into recession after its economy slumped 4.7% in the first quarter of 2020, CNN reported citing the preliminary estimate by the Italian National Institute of Statistics (ISTAT). This is the second consecutive negative quarter for Italy. Earlier on Thursday, April 30, the EU reported its worst quarterly drop in economic activity on record. France's GDP, meanwhile, fell by 5.8% in the first quarter, "the biggest drop" since 1949 the country's INSEE statistics agency said on Thursday as it unveiled its first estimate. Photo: Andrew Medichini/AP 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 | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |