Arthur Javadyan: introduction of mandatory vehicle insurance is of social and economic importanceDecember 28, 2010 - 18:59 AMT PanARMENIAN.Net - Chairman of the Central Bank of Armenia (CBA) Arthur Javadyan said that introduction of the system of mandatory vehicle insurance is among significant achievements in 2010. “The mandatory vehicle insurance is of social and economic importance. Due to introduction of the system, those citizens, who suffer as a result of road traffic accident, will receive a relevant compensation,” said Javadyan. “Currently, works are carried out for introduction of another important type of insurance – medical insurance,” concluded Javadyan. 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. |