Italy falls into recession after 4.7% GDP declineApril 30, 2020 - 17:19 AMT PanARMENIAN.Net - Italy, one of the worst hit countries by the coronavirus pandemic, has fallen into recession after its economy slumped 4.7% in the first quarter of 2020, CNN reported citing the preliminary estimate by the Italian National Institute of Statistics (ISTAT). This is the second consecutive negative quarter for Italy. Earlier on Thursday, April 30, the EU reported its worst quarterly drop in economic activity on record. France's GDP, meanwhile, fell by 5.8% in the first quarter, "the biggest drop" since 1949 the country's INSEE statistics agency said on Thursday as it unveiled its first estimate. Photo: Andrew Medichini/AP Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. 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. |