Armenian minister concerned over drop in foreign investmentsJune 5, 2013 - 15:20 AMT PanARMENIAN.Net - Armenian minister of economy Vahram Avanesyan has expressed concern over the drop in foreign investments. Minister Avanesyan expressed hope that no such drop will occur in 2013, slamming the lack of investments in communication and construction sectors. He further conditioned the volume of investments by several factors, including the promotion of free trade deal with the European community and balanced policy in markets. It’s noteworthy that 3.7% drop in international investments was reported in late December 2012 as compared with September 2012. 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 | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |