  Financial crisis revealed RA economy's weaknessesSeptember 16, 2009 - 15:34 AMT PanARMENIAN.Net - The results of the report on Armenia's competitiveness showed that the financial crisis revealed weaknesses of Armenian economy, Prime Minister Tigran Sargsyan said.''The number of private transfers has decreased sharply. The construction industry suffered a slump. This means that the diversification level of Armenian economy is very low,'' he said. According to the Prime Minister, the report on the republic's competitiveness is of great value, since it prompts ways to overcome the consequences of the crisis. ''The government is constantly working to resolve the issue but science-production formula has not been found yet,'' Mr. Sargsyan said.   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 |  Related sections Latest news Government reveals details from Pashinyan’s meeting in border village  Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush provinceNarek 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. |
