  Armenian PM says debt-related stir exaggerated  September 8, 2011 - 16:12 AMTPanARMENIAN.Net - With external state debt in the focus of public attention, Armenian Prime Minister cited the results of Fitch Ratings international agency, which assessed Armenia’s sate debt at BB- (stable forecast). “The ranking cited proves Armenia’s external state debt to be within manageable limits, which makes the issue-related stir overrated,” Tigran Sargsyan stated prior to parliament sitting. The Prime Minister noted the external debt to GDP ratio to gross 40%; with the external debt fully comprised of foreign credits. As of July 30, 2011, Armenia’s state debt totaled AMD 1455,4 bln, with external and internal debt comprising AMD 1269,8 and 185,6 bln respectively.  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 The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
