Greece plans to pull out of economic contraction in 2014October 31, 2012 - 17:02 AMT PanARMENIAN.Net - Greece should finally pull out of six years of economic contraction in 2014 with growth of 0.2 percent, according to a mid-term budget plan unveiled by the Finance Ministry on Wednesday, Oct 31, according to Reuters. The plan, submitted to parliament along with the 2013 budget draft on Wednesday, Oct 31, said the government would achieve a primary budget surplus of 4.5 percent in 2016, two years later than an original goal under Greece's bailout terms with the European Union and the International Monetary Fund. Public debt as a percentage of annual output will continue to rise to 191.6 percent of gross domestic product in 2014 before eventually dropping to 184.9 percent in 2016, the plan 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 | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |