 Armenia's state debt service to peak in 2013-2014December 29, 2009 - 14:23 AMT PanARMENIAN.Net - Armenia's state debt will not exceed 50 percent of GDP in 2010, RA Minister of Finance Tigran Davtyan told a final press conference in Yerevan. "We do not incur debts, which we could not service, and our current debts will not be inherited by our children," he assured. However, according to the Minister, the national state debt will be difficult to service within the next several years, with peak in 2013-2014. In 2010 Armenia will receive 100 million euros from the EU, 35 million euros out of which is a grant, while the remainder is provided at a preferential terms. Armenian government negotiates with Russia over USD 100-120 million loan for the development of diamond industry. It is expected that ALROSA will supply raw materials to Armenian diamond cutting enterprises, while the government will provide guarantees.   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 |  Related sections Latest news Surveying works underway in Armenia’s Kirants  Surveying works are underway in the Armenian village of Kirants in the northern Tavush province.Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes.Armenia says ready to extend nuclear plant’s lifetime by 10 years Armenia has taken necessary measures to extend the lifetime of its nuclear power plant until 2036.Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. |
