  Developing countries will be less affected by 2nd wave of crisis - expert November 23, 2011 - 14:15 AMT PanARMENIAN.Net - Developing countries, focusing on home consumption, will be much less affected by a possible second wave of crisis than the developed ones, according to the Chancellor of the International Academy of Stock Trading. “In reality, the crisis was never over, seeing as the economic growth rate dramatically dropped with no improvement expected in the years to come,” Veniamin Safin told a news conference in Yerevan. In this context, the expert forecast a maximum of 5% economic growth rate in developed countries, which, he said, is a natural process.   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 Ucom Celebrates Telecommunication Day  May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865.Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova.Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan.Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |
