Published since 1993
Published on July 07, 2009
RECUPERATION WILL BE SLOW AND INCOHERENT
- RA Prime Minister Tigran Sargsyan gives preference to the financial stability and according to him, Armenia refrained from further jolting in the economy. During the international conference entitled "Impact of the Global Crisis on Armenia", the Prime Minister fully described and recapped the impact of the global crisis on Armenia and underscored that the Armenia can be mainly proud of its banking system, which is rather lucrative an resisted the crisis. According to Sargsyan, the largest macroeconomic issue facing Armenia was the delay in construction rise and later the fall of indices. This had a negative impact on Armenia's economic development. Summing up the results of the past five months, it turned out that Armenia suffered a 16% economic downfall. "We expect to see a greater downfall within the next couple of months and only by the end of the year will we see a rise," said Sargsyan. Based on data in June, inflation has gone down and Armenia is currently in a zone of lower inflation. According to the Prime Minister, the positive trend is that the credit/loan policy is currenly broadening and will have a positive impact on the GDP. The Prime Minister mentioned once again that the government has never had the intention to reduce government spending because reductions would have had a negative impact on the macroeconomy. Director of the World Bank in the Caucasus region Asa Alam underscored that Armenia needs to keep the macroeconomy stable in order to get out of the crisis. But since there are no investments in the sphere of construction, he advised the government to find other means for investments. According to him, the fields aimed at support for the poor are suitable.
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Headlines for July 07, 2009IT WAS A SHOW OF GOOD WILL
Statement by the Department of Information of the Ministry of Foreign Affairs of the Nagorno-Karabakh Republic "The comments made by Azeri mass media outlets and state officials on the latest initiative ...SUKIASYAN WILL MOST PROBABLY RETURN
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MP Khachatur Sukiasyan's advocates don't know whether he will return or not. "He will most probably return. Mr. Sukiasyan has no problem, but his return before July 31 depends on certain developments," ...POLITICIAN'S STATEMENT
Armenian Center for National and International Studies (ACNIS) Director Richard Giragosian issued a statement today commenting on US President Barack Obama's two-day summit meeting with Russian President ...AZERBAIJAN HAS NO RIGHT IN ANY RESPECT
All international organizations have a misconception about Nagorno-Karabakh," said "Heritage" faction MP Larisa Alaverdyan today at the "Armat" club. Talking about the effects of the Azeri-Armenian diplomacy, ...HE JOINED TIGRAN ARAKELYAN'S HUNGER STRIKE
Chairman of the Armenian National Congress's youth wing Karen Karapetyan has also joined youth wing member Tigran Arakelyan's hunger strike. Tigran Arakelyan was arrested on July 5 for assaulting policemen ...FOREIGN MINISTERS MET
RA Foreign Minister Edward Nalbandyan met with his Cypriot counterpart Markos Kyprianou who is in on an official visit to Yerevan with the delegation led by President of the Cyprus Republic. During the ...HAYRIKYAN'S WEAPON
RA Prime Minister Tigran Sargsyan met today with political figure, Chairman of the National Self-Determination Union Paruyr Hayrkyan who was granted a weapon by the RA Prime Minister on the occasion of ...VISITED THE U.S. EMBASSY
On the occasion of US national holiday - Independence Day - President Serzh Sargsyan visited today the Embassy of the United States of America in our country and congratulated the senior staff with the ...RECUPERATION WILL BE SLOW AND INCOHERENT
RA Prime Minister Tigran Sargsyan gives preference to the financial stability and according to him, Armenia refrained from further jolting in the economy. During the international conference entitled ...790 MILLION DOLLAR LOAN BY SEPTEMBER
The government's talks on loans ended successfully today after the Asian Development Bank, the World Bank and the International Monetary Fund came to an agreement. The 500 million dollar loan from the ...WHEN THEY RECEIVE IT
The RA Ministry of Culture will make a statement after receiving the conclusion of the Control Chamber, as reported by the department of public relations of the RA Ministry of Culture. Let us remind that ...FLYER INSTEAD OF APPEAL
A flyer is posted on the bus-stop at the Leningradyan-Shinararner intersection and it is not an apartment rental announcement or an offer, but a letter by a group of residents living on Leningradyan Street ...LAST FAREWELL TO THE KING OF POP
Around 17,500 people have been given tickets to attend King of Pop Michael Jackson's memorial, which will take place at the Staples Center in downtown Los Angeles on Tuesday. An all-star lineup is set ...HOW TO SPEND THE VACATION
Resident of Alaverdi, educator Marine Davoyan has only been able to go on summer vacation once throughout her 10-year teaching career when her brother invited her to the seaside. "Teachers used to make ...DISCUSSION ON VULGARITY OR POLITICAL DEBATE
"The attitudes toward Armenian woman political figures will have a very negative impact on foreign policy," said former NKR Foreign Minister, founding director of the "Aybengir" publishing house Naira ...TER-PETROSYAN MET WITH THE COMMISSIONER
On July 7 RA First President Levon Ter-Petrosyan met with German Federal Government Commissioner for Human Rights Policy and Humanitarian Aid Gunter Nooke and Charge d'Affaires of the Federal Republic ...HE LEFT
The farewell ceremony for President of the Republic of Cyprus Dimitris Christofias and his lady Elsi Christofia was held at the RA presidential residence. Before the ceremony, the heads of state recapped ...DRUGS INSTEAD OF JELLY
The "Sevan" penitentiary closely examined the candies brought by prisoner A. Hovhannisyan's wife V. Shkhnazaryan on July 6. As a result, police found 1.2 grams of black drug with a special aroma in the ...LOCOMOTIVE CRASH
A citizen was hit by a diesel locomotive on the Yerevan-Noragavit railway section on July 7 at 12 a.m. The police left for the scene and found the body of 49-year old Hovhannes Edigaryan with his head ...
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Today in Armenian history- 0 Hrotists was the 12th month in the old Armenian calendar (July 7 to August 5). The name is derived from the Armenian for fire, because it was the hottest time in the year.
- 1827 Russian forces occupy the castle of Abas-Abad.
- 1829 Occupation of Baberd (Baiburt, Western Armenia).
- 1882 Birth of academician Levon Orbeli in Dzakhkadzor. He died in 1958 in St. Petersburg (Leningrad).
- 1915 A victim of the Genocide, Grigor Zohrab (writer and political figure) was tortured and murdered. He was born in 1861.
- 1921 The Red Army reaches Ghapan.
- 1923 Soviet Azerbaijan`s Revolutionary Committee unilaterally decides to dismember Artsakh to create the Autonomous Region of Nagorno Gharabagh. Red Kurdistan is created to separate this new territory from Armenia (by means of the new Lachin and Kelbajar Districts). The Kurdish entity is abolished in 1930 but the separation is maintained in the Stalin Constitution of 1936.
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