Vodafone revenues hit by eurozone crisisFebruary 9, 2012 - 18:29 AMT PanARMENIAN.Net - Mobile phone firm Vodafone has reported modest revenue growth after sales in Spain and Italy were hit by the economic problems in the countries, BBC News reported. Revenue from existing customers rose 0.9% in the final three months of 2011, compared with forecasts of 1.1%. Trading in northern Europe was better, with sales up in Germany, the UK and the Netherlands. Sales in emerging markets grew strongly. Turkey saw revenue grow by 23% and in India it was up 20%. Vodafone chief executive Vittorio Colao said: "Despite the further deterioration of the southern European economic environment during the quarter, our broad geographic mix is delivering a resilient overall performance."   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 Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
