Union of Manufactures of Armenia offers anti-crisis programMarch 6, 2009 - 17:13 AMT PanARMENIAN.Net - "Around a year ago we forecasted that Armenia was under the risk of dram devaluation that would have a negative impact on manufacturers and bring to production volume decrease," the Head of Armenian Manufacturers Union Vazgen Safaryan told a news conference on Friday. "According to 2008 data, import volume in Armenia amounted to AMD 4,4 billion and export volume - less than AMD 1 billion, i.e. the imports exceeded exports by 35%. Still, the weakening of dram is an insufficient condition for local output improvement. The Armenian government policy has to be changed to improve the country's economic status."The Head of Armenian Manufacturers Union offered his own crisis solution. "The new governmental policy should aim at creation of new job opportunities. The international financial structures investments should be employed for construction works at: Armenia-Iran railway, Armenia -Batumi highway and the new NPS. Our short-term plans should include strengthening of rural sector," Vazgen Safaryan stated. 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 | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |