Friday, February 10 2017 19:36
Alexandr Avanesov

On solution of current problems of regions of Armenian government will allocate 5 billion AMD

On solution of current problems of regions of Armenian government will allocate 5 billion AMD

ArmInfo. On solution of the current problems of the regions of Armenian the Government will allocate 5 billion AMD from the Reserve Fund. On February 10, during a meeting with the governor of the regions, said the Prime Minister of Armenia Karen Karapetyan

 "It is necessary to understand the priorities and multiplier effects programs. These funds should be controlled extremely strict, but transparent and understandable. By the results of the done programs we will allocate additional funds, taking to consideration the effectiveness of the works done and their transparence.  The mentioned 5bln AMD is not present in the state budget, the money appeared due to the optimization of the Governmental managment", noted the Prime Minister.

Karen Karapetyan, while speaking about the investment project received from the regions, noted that the Ministry of Economic Development and Investments instructed to report about the process of the confirmed programs daily. "It is necessary to pay attention on business which is the main source of the state's development, as well as regions' and new job openings", said the Armenian Government head.  He, particularly, mentioned the necessity of modern technology implementation to agricultural production, to continue the farmers retrain process. "There is an impression about our agriculture that the villagers are good agronomists. That is why they are provided with crops, diesel fuel, fertilizers, because they supposedly know what to do next. But that is not correct as we do not have modern farms, modern cooperatives, modern technologies. The entire world is learning about agriculture in Israel, and we need to reach the point when after 10 years they came and learn in Armenia", noted Karen Karapetyan.

POST A COMMENT
Input digits     


News
IDBank participated in the conference dedicated to the 10th anniversary of the Armenian Institute of DirectorsIDBank participated in the conference dedicated to the 10th anniversary of the Armenian Institute of Directors
Armenian SRC head discussed implementation of US assistance programs  to reduce customs risks with his American partnersArmenian SRC head discussed implementation of US assistance programs  to reduce customs risks with his American partners
PM Kobakhidze orders one-time free rail transport of Azerbaijani fuel  to ArmeniaPM Kobakhidze orders one-time free rail transport of Azerbaijani fuel  to Armenia
Armenia welcomed 2.12 million tourists  in January-NovemberArmenia welcomed 2.12 million tourists  in January-November
 Armenia, Moldova  to expand cooperation in winemaking Armenia, Moldova  to expand cooperation in winemaking
Armenian company `Metalstroy` joins cooperation project within  framework of EAEU industrial cooperation financing mechanismArmenian company `Metalstroy` joins cooperation project within  framework of EAEU industrial cooperation financing mechanism
Global Finance names AraratBank Best Sub-Custodian Bank 2025 in ArmeniaGlobal Finance names AraratBank Best Sub-Custodian Bank 2025 in Armenia
EBD forecasts further consumer price rise near CB-set target this  year EBD forecasts further consumer price rise near CB-set target this  year 
Ex-official on real state of Armenia`s economyEx-official on real state of Armenia`s economy
Vahagn Khachaturyan, insurance company representatives discuss  process  of implementing universal health insurance Vahagn Khachaturyan, insurance company representatives discuss  process  of implementing universal health insurance 
26,768 babies born in Armenia in  first 10 months26,768 babies born in Armenia in  first 10 months
Armenia`s service sector revenue reached $8.6 billionArmenia`s service sector revenue reached $8.6 billion
In  Armenia`s interbank foreign exchange market from December 1 to 5,  2025, dollar transactions decreased, while  ruble transactions  increasedIn  Armenia`s interbank foreign exchange market from December 1 to 5,  2025, dollar transactions decreased, while  ruble transactions  increased
Armenia`s trade sector growth rate decliningArmenia`s trade sector growth rate declining
Cargo transportation in Armenia increased by 2% in January-October,  while passenger transportation decreased by 2.3%Cargo transportation in Armenia increased by 2% in January-October,  while passenger transportation decreased by 2.3%
Armenia`s communications sector grew by 2.3% in 10 monthsArmenia`s communications sector grew by 2.3% in 10 months
AraratBank Participates in “Women’s Empowerment Principles in Armenia” ConferenceAraratBank Participates in “Women’s Empowerment Principles in Armenia” Conference
In Armenia, economic activity growth in January-October 2025 remained  steady at 8.1%, while foreign trade continued to declineIn Armenia, economic activity growth in January-October 2025 remained  steady at 8.1%, while foreign trade continued to decline
Wine and cognac production in Armenia declining at  double-digit rateWine and cognac production in Armenia declining at  double-digit rate
Power generation in Armenia increased by 7.9% in 10 monthsPower generation in Armenia increased by 7.9% in 10 months
Armenia`s metallurgy industry declined over 10-months Armenia`s metallurgy industry declined over 10-months 
Annual inflation in Armenia continues to accelerate, not exceeding  targetsAnnual inflation in Armenia continues to accelerate, not exceeding  targets
Armenia`s industrial sector declined by 3% in 10 monthsArmenia`s industrial sector declined by 3% in 10 months
Ardshinbank Lowers Interest Rates on Unsecured Consumer LoansArdshinbank Lowers Interest Rates on Unsecured Consumer Loans
IMF approves new three-year SBA (Stand-By Arrangement) with Armenia  amounting to $175 millionIMF approves new three-year SBA (Stand-By Arrangement) with Armenia  amounting to $175 million
Armenia attends Armenia attends "Resourcing Tomorrow" mining exhibition in London
Armenian Parliament ratifies agreement facilitating freight  transportation along EAEU transport routesArmenian Parliament ratifies agreement facilitating freight  transportation along EAEU transport routes
CBA head  announces international insurance group entering Armenian  marketCBA head  announces international insurance group entering Armenian  market
Economy Minister: Armenia sets record number of tourist visits in  NovemberEconomy Minister: Armenia sets record number of tourist visits in  November
Ardshinbank recognized as “Bank of the Year” in Armenia for the fifth time by The Banker magazineArdshinbank recognized as “Bank of the Year” in Armenia for the fifth time by The Banker magazine
National Assembly of Armenia adopted  draft state budget for 2026National Assembly of Armenia adopted  draft state budget for 2026
In 2025, improving public sector attractiveness and competitiveness   to cost  state treasury  additional $9 millionIn 2025, improving public sector attractiveness and competitiveness   to cost  state treasury  additional $9 million
Acba bank and France’s Proparco to continue strengthening their long-term strategic partnershipAcba bank and France’s Proparco to continue strengthening their long-term strategic partnership
Strengthening cybersecurity and protecting digital environment  continue to be among RA government`s priorities Strengthening cybersecurity and protecting digital environment  continue to be among RA government`s priorities 
Armenia intends to receive EUR 100mln credit line from FARArmenia intends to receive EUR 100mln credit line from FAR
Armenia to redistribute unused electric vehicle import quotas -  ministerArmenia to redistribute unused electric vehicle import quotas -  minister
Armenian Cabinet approves Free Trade Agreement between Eurasian  Economic Union and Indonesia.Armenian Cabinet approves Free Trade Agreement between Eurasian  Economic Union and Indonesia.
Ardshinbank and Visa are running a cashback campaign for their cardholders ahead of the New YearArdshinbank and Visa are running a cashback campaign for their cardholders ahead of the New Year
Armenia amends loan agreement with FDA to receive funds as early as  2025Armenia amends loan agreement with FDA to receive funds as early as  2025
 Armenian Card reports: Currently, due to technical issues with  Armenia`s internet channels, online transactions are not being  certified Armenian Card reports: Currently, due to technical issues with  Armenia`s internet channels, online transactions are not being  certified
RA ambassador to U.S. visits 6th Energy Innovation and AI forum 2025RA ambassador to U.S. visits 6th Energy Innovation and AI forum 2025
Development of small aviation  one of Armenian government`s  priorities - PashinyanDevelopment of small aviation  one of Armenian government`s  priorities - Pashinyan
RA Finance Minister: Armenia can repay public debt in 1.5 yearsRA Finance Minister: Armenia can repay public debt in 1.5 years
Arsen Torosyan: Raising the minimum wage has fiscal consequencesArsen Torosyan: Raising the minimum wage has fiscal consequences
Economy Minister: One of  directions for accelerated economic  development in Armenia by 2031 could be consolidation of all  micro-strategies into six major onesEconomy Minister: One of  directions for accelerated economic  development in Armenia by 2031 could be consolidation of all  micro-strategies into six major ones
Team Holding announces launch of bond placementTeam Holding announces launch of bond placement
AraratBank Joins Armenia`s New Greening Initiative: 100 Hectares of New Forest within Three YearsAraratBank Joins Armenia`s New Greening Initiative: 100 Hectares of New Forest within Three Years
FLYONE ARMENIA airline to launch Yerevan-Vienna-Yerevan flights next  April FLYONE ARMENIA airline to launch Yerevan-Vienna-Yerevan flights next  April 
Poverty does exist in Armenia, but government taking steps to  eradicate extreme poverty - premier Poverty does exist in Armenia, but government taking steps to  eradicate extreme poverty - premier 
Positive trend of high tax revenue growth in Armenia Positive trend of high tax revenue growth in Armenia 
Meeting with FAO delegation at RA Ministry of Economy Meeting with FAO delegation at RA Ministry of Economy 
Election promises kept - premier Election promises kept - premier 
Armenia, U.S. agree to launch joint initiatives to deepen bilateral  economic cooperationArmenia, U.S. agree to launch joint initiatives to deepen bilateral  economic cooperation
Expert critical of compulsory medical insurance Expert critical of compulsory medical insurance 
Textile Industry Operator  established in ArmeniaTextile Industry Operator  established in Armenia
Kaja Kallas: EU to provide Armenia with 15 million euros to  strengthen resilienceKaja Kallas: EU to provide Armenia with 15 million euros to  strengthen resilience
Armenia, Latvia to strengthen cooperation in several areas of  technologyArmenia, Latvia to strengthen cooperation in several areas of  technology
Edmon Marukyan to Marta Kos: If you really want to help, then support  us in constructing a new nuclear power plantEdmon Marukyan to Marta Kos: If you really want to help, then support  us in constructing a new nuclear power plant
Maintenance of NPP turbogenerators completed ahead of schedule Maintenance of NPP turbogenerators completed ahead of schedule 
Armenian NPP to continue cooperation with Chinese partners Armenian NPP to continue cooperation with Chinese partners 
Read more
Exchange rates
08.12.2025
RUB4.980.01
USD381.550.05
EUR444.540.09
GBP508.19-0.62
CAD276.012.44
JPY24.54-0.05
CNY53.980.01
CHF474.45-0.70