Armenian economy perspectives depend on world economy developmentJuly 7, 2009 - 14:40 AMT PanARMENIAN.Net - Armenia is not the country responsible for the global economic crisis, World Bank Country Director for the South Caucasus Asad Alam said. "The crisis affected economies of all states. At that, Armenian economy perspectives depend on the world economy development," he told an international conference which kicked off in Yerevan today. Mr. Alam described the government's anti-crisis program as efficient, since it envisages maintenance and even creation of job opportunities. Besides, measures are taken to alleviate the impact of the crisis on poor population strata. He said Armenia is experiencing the hardest period of the economic crisis at the moment. "Nevertheless, we expect some growth by the end of the year," he concluded. 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 | 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. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |