IMF: World economy registers tendency towards stabilizationSeptember 9, 2009 - 17:29 AMT PanARMENIAN.Net - World economy registers tendency towards stabilization, International Monetary Fund representative in Armenia, Nienke Oomes stated. "World economy restoration is a slow process, yet economists around the world believe that tendency towards stabilization is evident, specifically in Russia and Europe," she said.World price increase for copper and molybdenum proves the restoration process has already started. "Copper and molybdenum price increase will benefit Armenia, as an exporter," she noted. According to Oomes, national currency devaluation in March played into exporters' hands. Mining companies, which stood idle, have already started production work. 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 | Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. |