Еconomic processes in Armenia consistent with global trendsAugust 19, 2009 - 19:00 AMT PanARMENIAN.Net - Economic downturn of Armenia can reach 12-15 per cent in 2009, Vartan Aramyan, Deputy Finance Minister of Armenia told press conference in Yerevan today. The official noted that over the first six month the economic downturn in Armenia had already reached 16.3 per cent. According to him, the construction and industrial production spheres recorded highest declines: 53.5 and 11.5 per cent respectively. Vardan Aramyan also reported that the observed decline was much greater than it was predicted earlier. According to him, a similar situation is observed in the world economy, when the decline was greater than predicted, particularly within the second quarter of this year, the EU was registered 6 per cent decline. Еconomic processes in Armenia are fully consistent with global trends, Vardan Aramyan 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 | Politico: Belarus delivered advanced weapons to Azerbaijan in 2018-2022 Belarus delivered advanced weapons to Armenia’s enemy even though both countries were supposedly allies in a defense pact. Armenia Security Council chief to attend Ukraine peace summit Secretary of the Security Council of Armenia Armen Grigoryan will take part in the Ukraine peace summit in Switzerland. Deputy U.S. Secretary of State to arrive in Yerevan Deputy Secretary of State for Management and Resources Richard R. Verma will travel to Yerevan, Armenia from June 17-19 to. Armenia recalls Belarus envoy for consultations Armenian Ambassador to Belarus has been called to Yerevan for consultations, a spokesperson for the Foreign Ministry reveals. |