Armenian government will allocate credit proceeds to secure consultations in special cases onlyMay 25, 2011 - 19:10 AMT PanARMENIAN.Net - Armenian government will be allocating credit proceeds to secure consultations only in special and well-founded cases, according to Armenian Prime Minister. As Tigran Sargsyan stated in parliament, a monitoring of credit proceeds expenditures discovered that in 2006, Armenia addressed to World Bank for a consultation, the results of which were never used. Besides, there were specialists in Armenian government, capable of performing a consultation on a similar scale, which would save hundreds of thousands dollars. “In future, all suggestions of securing a consultation at the expense of credit proceeds will be carefully considered by Prime Minister himself,” Sargsyan said. 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 | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine |