Armenia attracts record amount of foreign direct investments, says MinisterMay 30, 2023 - 15:27 AMT PanARMENIAN.Net - Minister of Economy Vahan Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion, which accounts for 5.13% of the country’s gross domestic product, RA Min while discussing the results of the 2022 budget in the parliament. "Instead of the previously planned AMD 42 billion, we had a performance of AMD 53 billion 116 million drams," Kerobyan said in parliament on Tuesday, May 30. Referring to tourism, the minister mentioned that 1 million 660 thousand tourists came to Armenia last year. "Significant investments have been made in infrastructure. A program for the development of about 20 tourism clusters is being prepared, which was approved by the mid-term expenditure plan for the coming years," said Vahan Kerobyan. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. There’s a growing demand for Armenian sprits in Russia amid Western sanctions on the supply of alcohol to the country. Partner news | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |