Armenia has major potential to preserve economic stability - Russian MPOctober 30, 2011 - 16:01 AMT PanARMENIAN.Net - The President and the government of Armenia are determined to preserve stability in the country by solving current economy problems, according to a member of State Duma and United Russia party. “Armenian economy has significant potential for preservation of stability,” Igor Chernyshenko told a news conference organized on the sidelines of Republican Party of Armenia (RPA)-hosted economy conference in Yerevan. In this context, the MP noted Russia's contribution to Armenian economy, with USD 3 bln worth investments and over 1100 Russian capital-backed companies operating in RA. As Chernyshenko noted, “to us, Armenia is not only a strategic partner, but a home country, to which we're connected by political, economic, cultural and most importantly, blood ties, with Armenian Diaspora playing an important role in many aspects of the Russia's life.” The State Duma member further spoke of the post-crisis stage both countries are undergoing with the issue of economy effectiveness increase, GDP growth on priority agenda. In conclusion, Chernyshenko wished RPA victory in parliamentary race to promote the country's development jointly with other coalition parties. Top stories President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. 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. Partner news | Ameriabank's Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC Ameriabank received the awards from international financial institutions in recognition of its trade finance operations. Armenian Economy Minister to make trip to UAE May 20-22 A delegation led by Minister of Economy Gevorg Papoyan will travel to the UAE capital of Abu Dhabi on May 20-22 Armenian PM sends condolences to Iran Prime Minister Nikol Pashinyan sent a message of condolence to the Supreme Leader Seyyed Ali Khamenei. Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. |