Armenia's foreign debt grew by 5% in Q3December 4, 2017 - 12:10 AMT PanARMENIAN.Net - Armenia's foreign debt in the third quarter of 2017 has grown by 4,9% to top $5 billion against the $4,828 in the first quarter, data provided by the National Statistical Service reveal. The country's external debt accounted for the 45.5% of the GDP at the end of 2016. It is still unknown how much the foreign debt will make up at the end of 2017. The government debt of Armenia, meanwhile, stood at $5.9 billion to make up the 56.6% of the whole GDP last year. According to the forecast of the finance ministry, the debt-to-GDP ratio will reach 58.8%. The foreign debt will thus total $5.4 billion, while the internal debt will stand at $1.269 billion. 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 | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |