Budget sequestration does NOT threaten Armenia yetMarch 9, 2009 - 17:17 AMT PanARMENIAN.Net - "We manage with the budget and its sequestration does not threaten us yet," said Galoust Sahakyan, a Parliament deputy, head of Armenia's Republican Party faction. As he says, the processes Armenia is undergoing are called a trade liberalization that will eventually lead to the formation of securities market.As mentions the head of the Republican faction which has a parliamentary majority in the NA of RA, "Budget cuts are possible, but I see nothing menacing in it as we can simply do with reducing certain expenses." Sahakyan considers that "the budget must not be liable to political speculations." Although this year as a result of a financial crisis many countries will have a negative economic growth,Galoust Sahakyan says, Armenia will not have a zero performance. Even if it has, it will not be so menacing for the country. By the end of the year Armenia will have an economic growth.As to the financial crisis, it will loosen by fall, he added. 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 | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |