Armenian economy badly diversifiedJuly 31, 2009 - 16:33 AMT PanARMENIAN.Net - The first signs of crisis management appear in the economy sectors where the crisis originated, according to Tatul Manaseryan, adviser to RA National Assembly speaker. "When se witness revival of industries which were first affected by the crisis we will understand that the country is recovering from the crisis. Construction industry was the engine of Armenian economy. It offered job opportunities and secured infrastructure development," Manaseryan told a news conference toady. "Armenia's economy is badly diversified. We should develop the sectors which can ensure its sustainable development," he said. As to the national mortgage campaign, Manaseryan said it will raise competition between the construction firms and interested sides. 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 | IDBank, Dalma team up for Caucasian Deer Reintroduction Program IDBank has joined Dalma Garden Mall’s Green Challenge to support the Caucasian red deer reintroduction project. Through Ucom’s support the 12th Sunchild Festival concludes On May 24-28, with the support of Ucom, the 12th international environmental festival Sunchild took place in Yerevan. U.S., Turkey emphasize importance of Armenia-Azerbaijan peace deal Jake Sullivan and Akif Cagatay Kilic have discussed the normalization process between Armenia and Azerbaijan. Armenia coach expects good football in Slovenia friendly The Armenian national team has left for Ljubljana a friendly match against Slovenia on June 4. |