  Manufacturer predicts strained economic climate in 2013 December 7, 2012 - 17:06 AMT PanARMENIAN.Net - The parliament-confirmed draft state budget is a socially-, rather than investment-oriented one; still, it does not offer any solutions to unemployment, low pensions and other problems, the chair of the Union of Armenian Manufacturers said. As Vazgen Safaryan told a December 7 news conference in Yerevan, on a positive side, the budget envisages allocation of AMD 300 mln to create an industry development foundation. However, as the expert noted, drastic change is in order in 2013 economic policy, especially where local industry is concerned. He further predicted a strained economic climate in the country, as well as issued to be caused by a government-imposed tax hike.   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 |  Latest news Viva-MTS: Tech solutions to modernize infrastructure of border village  The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents.“By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents.The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |
