 Industry share in GDP to reach 25% as of 2011 outcomes December 19, 2011 - 17:07 AMT PanARMENIAN.Net - Armenian Union of Local Manufacturers welcomes long-awaited development strategy regarding Armenia’s export-oriented industrial policy, head of the institution Vazgen Safaryan said. According to Prime Minister Tigran Sargysan, the strategy implies transition to the new economic policy that was long hailed for its industrial development and potential. Mr. Safaryan further noted that as of 2011 outcomes, 25% industry share in GDP/AMD 900 bln. is stipulated against 23,5% or AMD 824 bln. of 2010. Head of the Union suggested nonferrous metallurgy, chemical industry, mechanical engineering, as well as light industry be developed in addition to the fields outlined in Armenia’s economic policy.   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 |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
