RA PM: crisis first of all affects the richMarch 4, 2009 - 22:36 AMT PanARMENIAN.Net - The Armenian Government worked out a number of medium -term programs to overcome the impact of financial crisis on Armenian economy, RA Prime Minister Tigran Sargsyan stated in his TV announcement.For this purpose the government does its best to attract stabilization credits. As of today, the IMF is ready to subsidize $540 million, with $240 million to be granted immediately and $525 million will be credited by the WB, Sargsyan noted, adding that the Russian Prime Minister spoke about providing Armenia with $500 credit. "Negotiations are also being conducted with Asian Bank and European Bank for Reconstruction and Development," he stated. Also, the county's expenditure policy will play a key role in the overcoming of crisis consequences by boosting economy and infrastructure and providing the country's vitality "The government will do its utmost to shift the weigh on the shoulders of major entrepreneurs. First of all, the crisis should affect the rich," Sargsyan emphasized. 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 | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |