Hovhannes Hovhannesynan: Armenian government's economic policy brought county to deadlockNovember 30, 2009 - 20:15 AMT PanARMENIAN.Net - RA Premier should have faced non-confidence vote at 12th RPA congress, instead of being elected as party's executive body member, Armenian Liberal Party (LPA) leader Hovhannes Hovhannesyan said."Armenian government's economic policy brought the county to a deadlock, with 18.6% economic slump registered," he told joint news conference with RPA parliamentary group member Mkrtich Minasyan. "Armenia's external debt comprises 36% of GDP, a figure, difficult to be covered in future. We must understand that European credits are provided to Armenia in exchange for resolution of political issues like Armenia-Turkey rapprochement and NKR conflict settlement," LPA leader emphasized. For his part, Mkrtich Minasyan noted that ministers' and Premier's joining the Republican Party is natural. Commenting on Armenia's external debt, RPA parliamentary group member noted that the credits are provided to states believed capable of returning them. He also noted that credits received will be allocated to 2010 social programs implementation and assistance to small & medium business. Top stories The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Michael Roth believes sanctions must be put on the table after Baku‘s ethnic cleansing in Nagorno-Karabakh. The Yerevan City Council has elected Tigran Avniyan from the ruling Civil Contract as the mayor of the Armenian capital. The Armenian Parliament on Tuesday, October 3 voted to ratify the Rome Statute of the International Criminal Court. Partner news | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |