  Russia’s former Finance Minister forecasts full-blown economic depressionNovember 12, 2011 - 13:17 AMT PanARMENIAN.Net - Former Finance Minister of Russia forecasts the global financial crisis to soon evolve into a full-blown economic depression. “From the viewpoint of recession, which hasn’t started yet, we’re not facing a crisis. Yet from Bickford safety fuse perspective, the financial crisis is in full swing, to be followed by economic depression,” Aleksey Kudrin said. “There’s a weak chance to settle eurozone state debts, however, in the opposite case, we’ll be facing a serious threat of recession,” RIA Novosti quoted Kudrin as saying.
  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 Armenia Security Council chief traveling to Qatar  Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar.Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them.Armenian Foreign Minister regrets “tragic loss” of Iranian counterpart The Armenian Foreign Ministry has expressed shock over the death of the Iranian President and the Minister of Foreign Affairs.Armenian PM sends condolences to Iran Prime Minister Nikol Pashinyan sent a message of condolence to the Supreme Leader Seyyed Ali Khamenei. |
