Hovhannes Hovhannesynan: Armenian government's economic policy brought county to deadlockNovember 30, 2009 - 20:15 AMT PanARMENIAN.Net - RA Premier should have faced non-confidence vote at 12th RPA congress, instead of being elected as party's executive body member, Armenian Liberal Party (LPA) leader Hovhannes Hovhannesyan said."Armenian government's economic policy brought the county to a deadlock, with 18.6% economic slump registered," he told joint news conference with RPA parliamentary group member Mkrtich Minasyan. "Armenia's external debt comprises 36% of GDP, a figure, difficult to be covered in future. We must understand that European credits are provided to Armenia in exchange for resolution of political issues like Armenia-Turkey rapprochement and NKR conflict settlement," LPA leader emphasized. For his part, Mkrtich Minasyan noted that ministers' and Premier's joining the Republican Party is natural. Commenting on Armenia's external debt, RPA parliamentary group member noted that the credits are provided to states believed capable of returning them. He also noted that credits received will be allocated to 2010 social programs implementation and assistance to small & medium business. Top stories 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. The Yerevan City Council has elected Tigran Avniyan from the ruling Civil Contract as the mayor of the Armenian capital. The Armenian Parliament on Tuesday, October 3 voted to ratify the Rome Statute of the International Criminal Court. Partner news | Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says. Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |