  Armenia public debt closing in on $8 billion January 25, 2021 - 15:30 AMT PanARMENIAN.Net - Armenia's public debt grew by $647.2 million in 2020 and amounted to $7,968.5 billion as of December 31, Armbanks.am reports citing data from the Finance Ministry of the country. Within the total debt, the Armenian government accounts for more than $7.5 billion (an increase of $ 676.6 million), while the debt of the Central Bank has dropped by $29.4 million to $459.9 million. Finance Minister Atom Janjughazyan said in November that the country's debt-to-GDP ratio would be 66.5% by the end of 2020 against 49.9% in 2019, and will reach 67% in 2021.   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 |  Latest news 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.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |
