Armenia attracts record amount of foreign direct investments, says MinisterMay 30, 2023 - 15:27 AMT PanARMENIAN.Net - Minister of Economy Vahan Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion, which accounts for 5.13% of the country’s gross domestic product, RA Min while discussing the results of the 2022 budget in the parliament. "Instead of the previously planned AMD 42 billion, we had a performance of AMD 53 billion 116 million drams," Kerobyan said in parliament on Tuesday, May 30. Referring to tourism, the minister mentioned that 1 million 660 thousand tourists came to Armenia last year. "Significant investments have been made in infrastructure. A program for the development of about 20 tourism clusters is being prepared, which was approved by the mid-term expenditure plan for the coming years," said Vahan Kerobyan. 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. There’s a growing demand for Armenian sprits in Russia amid Western sanctions on the supply of alcohol to the country. Partner news | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |