Economy
11:47 10/06/2016
Finance minister says state debt “controllable”
Summing up the annual budget execution, we may state the economy developments trends continued although at a slower pace as compared to the previous year, Gagik Khachatryan, Armenia’s minister finance, stated during the hearing of the 2015 budget implementation report held on June 9 at the country’s National Assembly.
Minister informed that Armenia recorded 3 percent economic growth which is mainly attributed to the unfavorable economic trends in the partner states, decrease of the metal prices in the international market, decline in real income as a result of the decrease in remittances from Russia to Armenia, and implications of the decrease in the financing of the economy sectors, 5,1 percent decline in capital investments, unemployment rate of 18,5 percent which is concerning despite the growth of 0,9 percent as compared to the previous year data.
“The complete implementation of the budget expenditure for the year 2015 compensated the unemployment risks,” - Khachatryan said.
The minister said that with some respects the registered negative developments revealed some positive implications, in particular reduction in the state’s current account deficit up to 2, 6 percent of GDP, improving the previous year’s indicator by 4, and 6 percent.
Compared to other regional states, the budget execution in Armenia for the year 2015 the Armenia appears to the only state which fully met the budget expenditure: “We are the only state in CIS and EEU which managed to maintain its position despite difficult economic conditions,” noted the minister.
Gagik Khachatryan then mentioned that Armenia’s state budget is controllable.
Watch the full speech of Minister Khachatryan in Armenian:
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
17:03
Foreign diplomats accredited in Azerbaijan visit Dadivank
Heads of embassies, international organizations and military attachés accredited in Azerbaijan on Wednesday visited the monastery of...
Source Panorama.am
16:36
German tourist dies after shark attack in Spain
A German tourist died after being bitten by a shark on Monday while sailing off Spain's Canary Islands, the coastguard said.
The...
Source Panorama.am
16:14
Pyunik to be put up for sale, president says
Pyunik FC President Artur Soghomonyan has announced plans to put the club up for sale and leave professional football in Armenia.
In a...
Source Panorama.am
15:30
Moscow strongly disagrees with Pashinyan's criticism of CSTO – Kremlin
Moscow disagrees with Armenian Prime Minister Nikol Pashinyan who claimed that the Collective Security Treaty Organization (CSTO) poses a threat...
Source Panorama.am
15:15
The Bambir manifest with a fresh roar in their new album 'Mankakan Khagher'
The Bambir, an inexhaustible source and a force in the Armenian, Post-Soviet and European rock music scene, is set to unveil their...
Source Panorama.am
15:06
Former Armenian chief justice accuses court of bias
The First Instance Court of General Jurisdiction in Yerevan’s Kentron district on Wednesday continued hearings on the trial of Hrayr...
Source Panorama.am
14:33
Pashinyan doesn't rule out natural gas imports from Azerbaijan
Prime Minister Nikol Pashinyan says Armenia could consider importing natural gas from Azerbaijan after the possible conclusion of a bilateral...
Source Panorama.am
13:58
Kate Middleton returns to official engagements
Kate, the Princess of Wales, held her first official engagement Tuesday since announcing last week that she had completed her cancer...
Source Panorama.am
13:36
Armenia won't miss any realistic chance of becoming EU member, Pashinyan says
Armenia will not miss any realistic opportunity to to become a full member of the European Union, Prime Minister Nikol Pashinyan said on...
Source Panorama.am
13:15
Borrell urges Georgia to scrap anti-LGBTQ bill
Top EU diplomat Josep Borrell on Wednesday urged Georgia to withdraw a "family values" bill denounced as curbing LGBTQ rights, warning...
Source Panorama.am
12:56
CSTO still views Armenia as equal partner, chief says
The Collective Security Treaty Organization (CSTO) still considers Armenia as an equal partner and is ready for a dialogue on all issues, CSTO...
Source Panorama.am
12:36
Armenian authorities foil coup plot
The National Security Service (NSS) has thwarted an attempt to usurp power in Armenia.
The suspects involved five Armenian citizens and two...
Source Panorama.am
11:58
Pashinyan says CSTO poses threats to Armenia's security
The Moscow-led Collective Security Treaty Organization (CSTO) threatens Armenia's security and sovereignty, Prime Minister Nikol Pashinyan...
Source Panorama.am
11:33
Hrayr Tovmasyan's trial continues
The First Instance Court of General Jurisdiction in Yerevan’s Kentron district on Wednesday continued hearings on the trial of Hrayr...
Source Panorama.am
11:15
Why can’t Pashinyan remember the document he signed at the end of the 2020 war?
By Harut Sassounian
www.thecaliforniacourier.com
It is incomprehensible that Prime Minister Nikol Pashinyan would forget important...
Source Panorama.am
11:00
Israel's Mossad planted explosives in 5,000 Hezbollah pagers
Israel's Mossad spy agency planted explosives inside 5,000 pagers imported by Lebanese group Hezbollah months before Tuesday's...
Source Panorama.am
17:00
Evening of remembrance in Brussels marks one year since ethnic cleansing of Artsakh
In cooperation with several Armenian organizations across Europe, notably the Initiative Munk Germany and the Armenian Apostolic Church of...
Source Panorama.am
16:36
Azerbaijan insists on change of Armenia's constitution
Azerbaijan on Tuesday again refused to sign a peace treaty with Armenia based on provisions both parties had already agreed on....
Source Panorama.am
16:05
Etchmiadzin cathedral has new bronze cross
The renovation of the Armenian Apostolic Church cathedral in Etchmiadzin has been completed.
A new bronze cross, resembling the old brass...
Source Panorama.am
15:36
Court hearing on Hrayr Tovmasyan's trial postponed
The Yerevan Court of General Jurisdiction in the Kentron district on Tuesday was set to continue hearings on the trial of former justice...
Source Panorama.am
15:05
3 people, including 2 Armenians, killed in helicopter crash in Russia
A missing Robinson R66 helicopter with three people on board crashed in the Amur Region of Russia, local media have reported, citing the Russian...
Source Panorama.am
14:46
Romania quake catches Moldovan president live on TV
Moldovan President Maia Sandu took matters in stride on Monday when an earthquake in neighbouring Romania jolted the television studio where she...
Source Panorama.am
14:24
Opposition MP: Armenian authorities 'greenlighted' Azeri attack on Artsakh
Opposition lawmaker Tigran Abrahamyan accused the Armenian authorities of attempting to provoke a conflict among the Artsakh Armenians ahead of...
Source Panorama.am
13:45
Sean 'Diddy' Combs arrested in New York
Rapper turned music mogul Sean "Diddy" Combs has been arrested in New York, Sky News reports.
The 54-year-old was detained by...
Source Panorama.am
13:20
Robert Kocharyan to face new charges
Armenia’s Court of Cassation on 12 September overturned the acquittal of former Armenian President Robert Kocharyan and other officials in...
Source Panorama.am
12:35
Bus crash in Iran kills at least 10
At least 10 people were killed and dozens injured when bus crashed in central Iran, AFP reported on Tuesday, citing official media.
The...
Source Panorama.am
12:15
Bishop says no state funds provided for renovation of Etchmiadzin cathedral
No government funding was allocated for the renovation of the Armenian Apostolic Church cathedral in Etchmiadzin, Bishop Mushegh Babayan said on...
Source Panorama.am
11:35
U.S. continues to support Armenia-Azerbaijan peace efforts
The United States continues to support the efforts of Armenia and Azerbaijan to reach a durable and dignified peace agreement, State...
Source Panorama.am
11:15
US imposes visa restrictions on over 60 Georgians
The U.S. State Department imposed new visa restrictions on more than 60 Georgians it said were responsible for undermining democracy as well as...
Source Panorama.am
11:00
Chess Olympiad: Armenian men's team scores victory in 6th round
The 6th round of the 45th FIDE Chess Olympiad was held on Monday.
The Armenian national men's team beat the team of the Philippines with...
Source Panorama.am
Videos
17:32 20/02/2023
Artur Vanetsyan: I think you'll see me more often at various events in future
17:35 20/02/2023
Armenian expert: U.S. stance on Karabakh remains unchanged
13:59 09/02/2023
Premature births increase in Artsakh due to stress
12:43 09/01/2023
Snow-covered Yerevan
15:41 15/12/2022
Gegham Stepanyan calls for sanctions against criminal Azerbaijan
11:45 29/11/2022
Memorial plaque honoring Yeghishe Charents inaugurated in Yerevan
