  Tigran Sargsyan: 2011 will be year of hard work January 13, 2011 - 13:42 AMT PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan said that after the global financial crisis it became evident by 2011 that the world will not return to its pre-crisis economic model. However, the new model has not been developed yet, what is a serious challenge, Sargsyan told a government sitting. He referred to the Armenian leader’s statement made during a meeting with Armenian businessmen late in December 2010, citing Serzh Sargsyan as saying that 2011 will be a year of hard work, economy’s rehabilitation and diversification. The Prime Minister added that Armenia enters 2011 with certain reserves. Specifically, the Ministry of Finance has already summarized the preliminary results on the state budget fulfillment: the annual program’s expenditures were surpassed by over AMD 25bln, out of which AMD 20bln due to tax revenues. Besides, expenditures at the amount of AMD 15bln were saved. “It means that we have increased our macro-economic reserves for 2011,” Sargsyan said. He added that the balance of the single account makes AMD 30bln, while the stabilization fund totals AMD 45bln against the envisaged AMD 31bln. In addition, the World Bank approved a $25mln loan for Armenia on January 12, 2011.   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 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 childrenMoscow 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. |
