Armenia improves position in Armenia improves position in Global Competitiveness Index by 2 pointsOctober 17, 2018 - 18:22 AMT PanARMENIAN.Net - Armenia is 70th in the list of 140 countries in the rating of “Global Competitiveness Index 2018” published by World Economic Forum. Armenia hence improved its position by 2 points compared to 2017. The rating is formed based on 12 main standards in state institutions, infrastructures, macroeconomic indicators, healthcare, education, labour market, etc. Armenia made a progress in 11 directions from possible 12, regressing only in macroeconomic environment. In the rating Armenia continues to remain behind the neighbour countries, in particular from Azerbaijan which is 69th and Georgia- the 66th. USA is on top of the rating followed by Singapore, Germany, Switzerland and Japan. 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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |