Time for economic revolution, Armenia's Pashinyan tells euronews (video) January 24, 2019 - 10:18 AMT PanARMENIAN.Net - Reforms are underway in Armenia, according to Prime Minister Nikol Pashinyan. In an interview with Euronews, Pashinyan said it's time for his country to transform the "political revolution to an economic one." Pashinyan came to power in May 2018 after weeks of mass protests against corruption and cronyism. The former newspaper editor, who was jailed for stirring unrest in 2008, marked a dramatic break from the cadre of rulers who have run Armenia since the late 1990s. At Davos, Pashinyan said he wanted to reform the tax code and reduce taxes for individuals and businesses and hopes to attract foreign investment. He also wants to tackle poverty by introducing microfinance. "We will encourage our people to take measures to start some business activities and to help [them] overcome poverty which is the biggest problem," he said. 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 | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |