France’s Hollande unveils plans to trim state spending January 8, 2013 - 17:44 AMT PanARMENIAN.Net - President Francois Hollande says his previously-announced plan to put France's bloated government on a diet includes cutting state aid to companies, AP reported. The Socialist leader says that to trim state spending by €10 billion this year the government will reduce state support for companies - of which there are 7,000 types - from the current €80 billion. In his New Year's address to top civil servants on Tuesday, January 8 Hollande also said 100 state-backed commissions "whose usefulness is not proven" - about 15 percent of the total - will be shut this year. France's state spending as a percentage of GDP is one of the highest in the EU. France wants to reduce spending and boost competitiveness to avoid the sort of debt market turmoil that has affected other European countries.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news 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.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
