  2009 worst economic year for ArmeniaDecember 10, 2009 - 13:32 AMT PanARMENIAN.Net - 2009 was the worst economic year in Armenia's modern history, according to Bagrat Asatryan, former CBA chairman. "The economic recession will exceed 15% in 2009. By the end of the year the GDP will make AMD 3 trillion 100 billion. The government should take action to improve the situation otherwise the country's economy will come across greater hardships during the coming years," he said. "The current crisis is the result of state policy," Asatryan 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 Narek 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.Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |
