Nabucco faces threat of having no funding sourceMay 5, 2009 - 19:39 AMT PanARMENIAN.Net - When asked about Nabucco member states' upcoming meeting in Prague, President of European Integration organization Karen Bekaryan told a PanARMENIAN.Net correspondent that Nabucco prospects still remain vague. "Even if parties sign some document during the meeting, it will be of declarative character," he noted."There are lots of factors giving rise to many questions. For instance, which country's gas will be delivered via Nabucco pipeline or who will fund the project," he said. According to Mr. Bekaryan, the global financial situation keeps investors from making investments in political projects having no economic background. Political scientist Alexander Makarov agreed with his colleague, noting that USD 8 billion is currently a large sum for Europe in global crisis circumstances, and the project cannot be realized within the coming 1.5 year period. Top stories The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Michael Roth believes sanctions must be put on the table after Baku‘s ethnic cleansing in Nagorno-Karabakh. The Yerevan City Council has elected Tigran Avniyan from the ruling Civil Contract as the mayor of the Armenian capital. The Armenian Parliament on Tuesday, October 3 voted to ratify the Rome Statute of the International Criminal Court. Partner news | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. Baku: EU, U.S. share responsibility for Armenia’s “destabilizing actions” Azerbaijan has declared that the European Union and the United States will share responsibility for any destabilizing actions of Armenia |