Armenian Democratic Party suggests setting up trust fund to fight shadow economyMarch 24, 2009 - 22:07 AMT PanARMENIAN.Net - Armenian President Serzh Sargsyan had a productive meeting with 48 Leader of Armenian Parties who addressed their questions to the government and presented their methods of overcoming world financial crisis consequences, ADP Leader Aram Sargsyan told a news conference on Tuesday.''The world economic crisis proved the inefficiency of illiberal capitalist system. The world is on the threshold of formation change and we have to envision the situation correctly,'' ADP Leader noted. Aram Sargsyan suggested setting up trust fund to fight shadow economy. The Government has to force oligarchs, earning their income at the expense of society, invest part of their capital in trust fund. The funds raised will be spent to support of existing organizations and create new ones. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner 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. |