Syria war has cost $226 billion in GDP losses: World Bank
The World Bank has estimated that the devastating war in Syria has cost the country a whopping $226 billion in cumulative Gross Domestic Product (GDP) losses, Press TV reports.
The World Bank said the breakdown of the systems that organize both the economy and society, along with the trust that binds people together, has had a greater economic impact than the destruction of physical infrastructure.
According to previous studies, Syria’s GDP totaled to $60.2 billion before the war broke out in the country. Currently that figure does not exceed $24 billion, according to RIA Novosti.
Related news
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
17:00
No Putin-Pashinyan meeting planned in St. Petersburg – Kremlin
A separate meeting between Russian President Vladimir Putin and Armenian Prime Minister Nikol Pashinyan is not planned on the sidelines of the...
Source Panorama.am
16:45
Blast at Turkey ammunition factory kills at least 12 people
An explosion at an ammunition and explosives factory in north-west Turkey has killed at least 12 people and injured four others, BBC News...
Source Panorama.am
16:35
Best Armenian athletes of the year revealed
Armenia’s Ministry of Education, Science, Culture and Sports has named the best athletes of the year.
The winners have been selected...
Source Panorama.am
15:54
'We only need a competent leader': Armenians deplore plans to reduce working hours
Armenia’s Ministry of Labor and Social Affairs has proposed reducing working hours from eight to seven hours per day, which would not...
Source Panorama.am
15:06
Putin to attend EAEU meeting chaired by Pashinyan
Russian President Vladimir Putin has left for St. Petersburg, where he will hold meetings with CIS heads of state and government in the coming...
Source Panorama.am
14:23
Ex-ombudsman: Pashinyan's team using 'peace' propaganda to stay in power
The leaders of Armenian Prime Minister Nikol Pashinyan’s Civil Contract party has transformed the “peace” propaganda into...
Source Panorama.am
13:30
Russian cargo ship sinks in Mediterranean after explosion
A Russian cargo ship has sunk in the Mediterranean Sea between Spain and Algeria after an explosion in its engine room, the Guardian reported on...
Source Panorama.am
13:19
Yerevan City Council member resigns
Areg Gevorgyan has stepped down as a member of the Yerevan City Council representing the ruling Civil Contract faction.
At a meeting of the...
Source Panorama.am
12:42
Income-earning jobs amounted to 782,832 in Armenia in November
According to the income tax and social payment declarations submitted by taxpayers for November 2024, the number of income-generating jobs...
Source Panorama.am
12:16
Opposition MP: Pashinyan's comments confirm Artsakh issue remains unresolved
Armenian Prime Minister Nikol Pashinyan’s latest comments on Artsakh (Nagorno-Karabakh) confirm that the Artsakh issue remains unresolved,...
Source Panorama.am
11:35
Kremlin denies reports Bashar al-Assad's wife is seeking divorce
The British-born wife of deposed Syrian president Bashar al-Assad is not seeking a divorce, a Kremlin spokesman has said.
Reports in Turkish...
Source Panorama.am
11:15
Authorities warn of black ice on Syunik roads
The Rescue Service has warned drivers about a road closure in Armenia on Tuesday morning.
In particular, the road linking the Amberd...
Source Panorama.am
11:03
Armenian church commemorates St. Stephen the Protomartyr
The Armenian Apostolic Church on Tuesday commemorates St. Stephen, the first deacon and proto martyr.
After Christ’s ascension,...
Source Panorama.am
17:00
Artur Vanetsyan to be a guest on Imnemnimi podcast on December 25
Artur Vanetsyan, the leader of the Homeland Party and the former director of Armenia’s National Security Service (NSS), will be a guest on...
Source Panorama.am
16:46
Dry weather expected on Monday
Dry weather is expected in Armenia's regions on Monday and later this week.
Light snow is forecast for some parts of the country...
Source Panorama.am
16:24
Hayakve condemns government's indifference towards Syrian Armenians
The Hayakve initiative has expressed concern about the fate of Syrian Armenians following the change of government in Syria.
“We...
Source Panorama.am
15:34
Politician slams Pashinyan's Artsakh claims as 'a blatant lie'
Opposition politician Eduard Sharmazanov, a senior member of the former ruling Republican Party of Armenia (RPA), has lambasted Armenian Prime...
Source Panorama.am
14:33
Bashar al-Assad's wife reportedly files for divorce
The British wife of Syria’s deposed president Bashar al-Assad, Asma al-Assad, has filed for divorce after expressing dissatisfaction with...
Source Panorama.am
14:07
Opposition MP: Armenian leaders focused on justifying themselves amid Azerbaijan's military buildup
The intensive mutual visits of Azerbaijani and Turkish military officials are largely part of a plan to reform Azerbaijan’s armed forces,...
Source Panorama.am
13:30
Trump pledges to stop 'transgender lunacy'
President-elect Donald Trump on Sunday pledged to "stop the transgender lunacy" on day one of his presidency, AFP reported....
Source Panorama.am
13:08
Yerevan mayor addresses criticism over expensive US trip
Yerevan Mayor Tigran Avinyan has addressed criticism over his expensive flight tickets for a trip to the U.S. in November.
The...
Source Panorama.am
12:34
Famous ophthalmologist Alexander Malayan dies at 76
Renowned ophthalmologist Alexander Malayan has passed away at the age of 76, YSMU Rector Armen Muradyan broke the news on Facebook on...
Source Panorama.am
12:15
Boy injured as drones fall from sky at Florida holiday show
A holiday drone show in Florida was forced to cancel its second performance due to an injury this weekend.
Andrea Otero, the City of Orlando...
Source Panorama.am
12:06
Armenia ballet artists perform 'The Nutcracker' in Italy
Ballet artists from the Yerevan Opera Theater have started a concert tour to Italy to perform their adaptation of Pyotr Tchaikovsky's...
Source Panorama.am
11:35
Pashinyan admits 'a big mistake' over Karabakh negotiation process
Armenian Prime Minister Nikol Pashinyan claims the Nagorno-Karabakh negotiation process completely focused on its return to Azerbaijan since the...
Source Panorama.am
11:15
Drivers warned about icy roads in Armenia's Syunik
The Rescue Service has warned drivers about road closure in Armenia on Monday morning.
In particular, the road linking the Amberd high...
Source Panorama.am
11:00
Putin meets Slovak PM in Moscow
Russian President Vladimir Putin held surprise talks with Slovak Prime Minister Robert Fico at the Kremlin on Sunday to discuss the future of...
Source Panorama.am
17:30
Expert blasts My Step Foundation's 'unacceptable' response to Panorama.am
Shushan Doydoyan, President of the Freedom of Information Center of Armenia (FOICA), has denounced the My Step Charitable Foundation’s...
Source Panorama.am
16:30
US avoids government shutdown with last-minute funding bill
The US Senate has voted to pass a budget deal to avert what would be the first federal government shutdown since 2019, only hours after the...
Source Panorama.am
16:01
Barack Obama's top 10 movies of 2024 includes ‘Anora' starring Armenian actors
Barack Obama has shared his favorite movies of the year, continuing what has become an annual list-making tradition from the former...
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
