EU suspends paying development funds to Latvia January 28, 2012 - 20:42 AMT PanARMENIAN.Net - The European Commission has said it will temporarily stop paying development funds to Latvia due to fears that the Baltic state lacks proper controls over how money is spent. Latvia's Finance Ministry said the commission has given it three months to work out an action plan that will remove the shortcomings in how the ministry controls the use of EU funds. The ministry said Saturday, Jan 28, that current EU-funded projects would continue despite the suspension and expressed confidence that it would create "a more complete" system for managing EU funds, The Associated Press reported.   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 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.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan.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. |
