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 | Viva sees growing demand for cloud services In recent years, medical institutions are starting to make use of Viva’s cloud services Turkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks. Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin. Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |