Armenia hopes to register 7-9% GDP growth for 2020-2022, says PMOctober 28, 2019 - 13:22 AMT PanARMENIAN.Net - Armenia hopes to reach an economic growth rate of 7-9% over the period of 2020-2022, Prime Minister Nikol Pashinyan said at a parliament hearing on the country's budget for 2020. Pashinyan said that starting from 2020 pensions will increase by 10%, salaries of 200,000 people will grow, birth allowance for the first child will increase 6 times (to reach AMD 300,000 - about $625 from the current $100), AMD 3 billion will be allocated to help address challenges facing the residents of the Spitak earthquake zone. Total budget revenues will amount to some AMD 1.6 trillion drams (approx. $ 3.3 billion), the PM revealed. 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. |