#ARMENIA
Armenian government’s mid-term plan of actions is quite ambitious, prime minister says
Armenia’s prime minister Karen Karapetyan described today the government’s mid-term plan of actions for 2018-2020 as ambitious, saying the focus will be on increasing revenue collection. He said the saved funds will be channeled into economic growth through increased capital expenditures.Minister praises Armenia’s two-year membership in Eurasian Economic Union
Speaking at a conference in Yerevan convened to mark Armenia’s two years in the Russia-led Eurasian Economic Union (EEU) Armenian minister of economic development and infrastructure Suren Karayan said the membership has had a positive impact on the Armenian economy.Armenian parliament allows additional release of water from Lake Sevan
By a vote of 77 to 3 Armenia’s parliament has approved today in the first reading a set of amendments to the draft law "On Annual and Comprehensive Program of Measures for the Restoration, Conservation, Reproduction and Utilization of the Lake Sevan Ecosystem,’ allowing the government to pump out 100 million cubic meters of irrigation water additionally from the lake in addition to 170 million, already permitted by the law.In 2016 Armenian farmers attracted 15 billion drams in subsidized loans
In 2016 some 20,400 Armenian farmers attracted a total of 15 billion drams of government-subsidized loans, Minister of Agriculture Ignaty Arakelyan said today during a parliamentary discussion on the execution of the 2016 budget.ADB to help improve electricity distribution efficiency in Armenia
The Asian Development Bank (ADB) said it has approved an $80 million loan to Electric Networks of Armenia CJSC (ENA) on 27 June 2017 to help improve electricity distribution and increase energy independence and efficiency in Armenia.Economist commends government’s desire to increase share of exports in GDP to 45 percent
Armenian economist Vilen Khachatryan commended today the government's desire to increase the share of exports in the country’s GDP to 40-45%, saying the projected figure is realistic and will help boost domestic production.NGO head criticizes government’s agricultural programs
Sarkis Sedrakyan, the head of a non-governmental organization called ‘Farmer Movement’ criticized the Armenian government-designed agricultural programs, including a program for leasing of agricultural machinery, saying they have no prospects.EBRD-managed fund to provide grant for construction of EU-compliant facility
Supporting Armenia’s effort to become greener, the E5P fund is co-financing the construction of a new landfill for solid waste for the Gegharkunik and Kotayk regions with a €2 million grant, EBRD said today in a press release.Twenty companies submit bids for construction of first solar power plant in Armenia
Armenia’s deputy minister of energy infrastructure and natural resources Hayk Harutyunyan said today that the ministry has received 20 applications from companies and consortiums in China, USA, Germany, Spain, South Korea, Iran and other countries for the construction of the first solar power plant in Armenia.News 15621 - 15640 of 18476
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