  National debt-GDP ratio in Armenia comprises 37% in 2009December 17, 2009 - 14:48 AMT PanARMENIAN.Net - National debt-GDP ratio in Armenia will increase from 13% to 37% by yearend, head of World Bank Yerevan Office Aristomene Varoudakis said.As he told a news conference on Thursday, national debt-GDP ratio is forecast to reach 50% by the end of 2011. According to Mr. Varoudakis, Armenia will be able to pay external debts, as the credits were provided on favorable terms. At the same time, he noted that tax collection rate, now amounting 17% of GDP, should be increased in Armenia and export volumes should be ensured to allow for national debt settlement, starting from 2010.   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. |
