Tigran Sargsyan: Armenia's banking system was best prepared for crisisDecember 25, 2009 - 17:31 AMT PanARMENIAN.Net - Armenia's banking system was best prepared for the crisis, according to RA Prime Minister Tigran Sargsyan. "Armenia is the only country which paid no single penny to commercial banks in order to receive assistance," he told a resulting news conference in Yerevan., At that, he noted that citizens' savings in 2009 increased by 30%. "That testifies to increased trust in the banking system," the Prime Minister added. The phenomenon, according to him, is characteristic of all countries where citizens save means in anticipation of the worst outcome. Hence positive changes will help attract more investments in the banking system and create new workplaces, promoting economic growth, Armenian Premier said. In that connection he stressed the importance of providing proper information to public. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. 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. |