Expert: ruble will be Eurasia’s common currency by 2016November 24, 2011 - 14:30 AMT PanARMENIAN.Net - Armenia’s membership in the Eurasian Union may contribute to Nagorno Karabakh conflict settlement, head of the Armenian Union of Local Manufacturers said. According to Vazgen Safaryan, this implies establishment of a new institution to boost effectiveness of labor force and resource exchange. Safaryan believes that ruble will be the common currency in Eurasia by 2016, given the fact that it is called “energy ruble”. Besides, according to him, Eurasian Union membership will not hinder Armenia’s European integration. 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 | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |