HALF BILLION DOLLAR INVESTMENT IN MINING INDUSTRY

08:58 | In the world Body of missing Harvard student found

Portland Police Chief Michael Sauschuck confirmed Tuesday that a body pulled from Portland Harbor in the city's Old Port area is that of 31-year-old Nathan Bihlmaier.
Source: CNN
08:45 | In the world Interpol targets 55 suspects using social network sites for child sex abuse images

The 55 suspects allegedly created groups that posted images of children under age 13 being abused.
Source: CNN
08:44 | In the world Egypt gears up for landmark presidential vote

Egyptians are preparing to head to the polls in their first free presidential election, 15 months after ousting Hosni Mubarak in the Arab Spring uprising.
Source: BBC
08:37 | In the world Argentina bomb found ahead of Alvaro Uribe talk

Officials in Argentina say they have found explosives at a theatre in the capital, Buenos Aires, where former Colombian President Alvaro Uribe was due to make a speech on Wednesday.
Source: BBC
18:14 | In the world Chelsea tell Fernando Torres he is going nowhere despite complaints

Didier Drogba has confirmed he will leave Chelsea this summer but Fernando Torres will not be following his fellow striker out of the club.
Source: Guardian
17:59 | Armenia Syunik region suffers damage from hail

Hail caused damage to gardens and sown areas in the villages of Lehvaz, Shvanidzor, Vardanidzor, Shrvenants, Norashenik, Nerkin Khotanan and the town of Kapan, Syunik region.
Source: Emergency Channel
16:46 | In the world Putin appoints former ministers as aides

A day after disclosing the new Cabinet, Russian President Vladimir Putin has appointed several former ministers as presidential advisers.
Source: Gazeta.ru
15:49 | Armenia Melik-Shahnazaryan: Threat to Armenia is also threat to CSTO

"Bordyuzha’s statement is a signal to Azerbaijan that Armenia is in the focus of attention of CSTO states which are determined to protect the interests of their ally," said the expert.
Source: Panorama.am
15:00 | Armenia Arthur Kirajyan wins in Minsk

A large international boxing tournament took place in Minsk, with five Armenian boxers participating, alongside with sportsmen from 11 countries.
Source: ARMNOC
13:56 | Armenia Armenian under-19 football team heads to Italy

They will participate in UEFA European Under-19 Football Championship elite round on May 23.
Source: Panorama.am
12:44 | Armenia David Tonoyan dreams of being Defense Minister

Those familiar with his activities assert that fulfillment of his dream will be the end of our army.
Source: Chorrord Inknishkhanutyun
12:42 | Armenia New ministries may be established soon

Source: 168 Zham
12:41 | Armenia Oskanian & Co give up parliamentary mandates

By interesting coincidence, almost all of them objected to formation of a coalition with RPA, and as it happens PAP leader exactly “gets rid” of them.
Source: Irates de Facto
12:38 | Armenia Vigen Sargsyan may become Parliament Speaker

Besides discussions over Prime Minister’s candidacy, the political circles also consider the issue of future Parliament Speaker these days.
Source: Irates de Facto
12:37 | Armenia All Ministers to stay in their jobs except Minister of Sport

It is rumored that spokesman for Prosperous Armenia Party Khachik Galstyan may be appointed as Minister of Sport.
Source: Hraparak
12:34 | Armenia Orinats Yerkir communicating good news

Behind-the-scenes talks in power circles on forming a coalition fail to yield any results, and Orinats Yerkir Party is happy about the situation.
Source: Zhoghovurd
12:31 | Armenia Robert Kocharyan leaves for Moscow following Tsarukyan-Sargsyan meeting

PAP is confident that Kocharyan’s trip is connected with the issue of whether or not PAP will join the coalition.
Source: Hraparak
12:29 | Armenia Constitutional referendum for PAP Deputy Prime Minister

President Serzh Sargsyan has promised Gagik Tsarukyan that he will give Deputy Prime Minister’s mandate to Prosperous Armenia Party after the presidential elections.
Source: 168 Zham
09:22 | In the world Suicide blast kills more than 100 troops in Yemen

A suicide bomber dressed in a military uniform set off a blast that killed more than 100 soldiers in Yemen Monday.
Source: CNN
09:21 | In the world 13 dead, 30 injured after train crash in India

The Hampi Express was traveling from Hubli to Bangalore and crashed into a stationary goods train in Penukonda, in the southern state of Andhra Pradesh.
Source: CNN
09:03 | In the world China fake parts 'used in US military equipment'

Vast numbers of counterfeit Chinese electronic parts are being used in US military equipment, a key Senate committee has reported.
Source: BBC
09:02 | In the world Three climbers die on Mt Everest descent

The three are reported to be a South Korean, a German and a Nepali-born Canadian woman.
Source: BBC
18:49 | In the world Del Piero 'regret' at final defeat

Alessandro Del Piero admits there are regrets at ending his Juventus career with a defeat, “but these have been fantastic years and I am proud of everything I’ve done.”
Source: Football Italia
18:27 | In the world Mazzarri: It seemed unthinkable to beat Juventus this season

Napoli coach Walter Mazzarri has said that his side beat the odds to see off Juventus 2-0 in the the Coppa Italia final.
Source: Goal.com
17:53 | Armenia Raffi Hovannisian receives US Ambassador

They exchanged views on post-election Armenia, American-Armenian relations, and regional developments.
Source: Heritage
17:45 | Armenia Lori region suffers damage from hail

It was reported today that hail had caused damage to agricultural areas of about 220 hectares in the village of Mikhaylovka, Lori region of Armenia.
Source: Emergency Channel
17:35 | Armenia Bordyuzha: CSTO states will unequivocally support Armenia

“Armenia is a full-fledged member of CSTO,” organization’s Secretary General said during the Yerevan-Moscow-Kiev-Astana-Kishinev space bridge.
Source: Panorama.am
16:34 | In the world Putin unveiled new Cabinet

Source: Reuters
16:15 | In the world Aztag marks 85th anniversary

Source: Panorama.am
16:14 | Armenia No sexual revolution in Armenia: It was evolution

Armenia was the first state in Soviet Union to found Clinic of Sexopathology in 1985.
Source: Panorama.am
16:12 | Armenia Edward Nalbandian meets with Armenian community in Chicago

Foreign Minister Edward Nalbandian arrived in Chicago to take part in the meeting of the heads of the countries of the International Security Assistance Force (ISAF) in Afghanistan to be held in the frames of the NATO Summit.
Source: MFA
13:52 | Region Gul meets with Merkel and Hollande

Turkey will suspend relations with EU presidency, but will keep relations with EU commissions and other structures.
Source: CnnTurk
13:51 | In the world Merkel urges Hollande not to rush to leave Afghanistan

France’s new president, Francois Hollande, said on May 18 that he will keep to his campaign pledge to withdraw French combat troops from Afghanistan by the end of this year.
Source: Business Week
13:49 | Region Obama hopeful Iran’s nuclear issue to be solved in peaceful fashion that respects Iran's sovereignty

Source: Iranian asriran.com
13:47 | In the world Book ‘His Holiness’ violates Pope’s right to privacy

The Vatican on Saturday denounced as "criminal" a new book of leaked internal documents that shed light on power struggles inside the Holy See and the thinking of its embattled top banker, and warned that it would take legal action against those responsible.
Source: News 24
13:45 | Armenia Yerevan hosts BSEC 39th plenary session

Statement dedicated to the 20th anniversary of BSEC will be issued.
Source: National Assembly
13:40 | In the world Opposition candidate wins Serbian presidential elections

Tadic congratulated his opponent and urged him to keep Serbia on the path towards European Union membership.
Source: Voice of America
13:39 | Armenia Head of Nor Nork district submits resignation

Yerevan Mayor relieved Armen Ulikhanyan of his duties as head of the Health Department at Mayor’s Office to appoint him head of Nor Nork district.
Source: Mayor’s Office
13:38 | In the world Pakistan restores Twitter

Details on the allegedly offensive tweets were unavailable, but they apparently urged participation in "Everybody Draw Muhammad Day"
Source: The Washington Post
13:37 | Armenia Varuzhan Akobian finishes 4th in U.S. Chess Championship

Hikaru Nakamura won the Championship with 8.5 points.
Source: armchess.am
13:36 | In the world Two die in first Beirut clashes over Syria conflict

The clashes, between Sunni pro- and anti-Syrian groups, followed the shooting dead on Sunday of two anti-Syrian sheikhs.
Source: BBC
12:04 | In the world Russian director beaten up at Cannes

Artyom Semakin has fallen victim to an unknown assailant, who beat up the filmmaker on his way to the hotel from the Palais des Festivals.
Source: RT
11:49 | In the world ‘Election silence’ in Egypt ahead of landmark poll

Egypt started a ban on all activities of presidential campaigning dubbed “election silence” on Monday that will last for two days before the landmark voting kicks off on May 23-24.
Source: Al Arabiya
11:12 | Armenia CIS observers highly assess election process in Armenia

Armenian parliamentary delegation attended 37th plenary session of CIS IPA in Saint Petersburg on May 15-18.
Source: National Assembly
10:14 | Armenia 2.7-magnitude earthquake strikes Ashotsk

The quake’s hypocenter was located at a depth of 5 km; the tremors were measured at 3-4 in the epicenter.
Source: National Seismic Protection Service
09:47 | In the world Former Israeli president leaves prison to attend son’s wedding

Moshe Katsav went on his first vacation from jail on Sunday since he began serving time for his rape conviction in December.
Source: Haaretz
09:21 | In the world Police, protesters clash outside NATO summit

Police hit protesters with batons as they pushed against a line of officers, video from CNN affiliate WLS showed.
Source: CNN
09:13 | In the world Deadly quake rocks northern Italy

Thousands of survivors huddled in tents or in their cars under rainy skies early Monday following a weekend earthquake that killed seven people across northern Italy.
Source: CNN
09:03 | In the world Obama warns Nato of 'hard days ahead' in Afghanistan

Nato is preparing to hand over security to Afghan forces by the end of 2014.
Source: BBC
08:57 | In the world UN nuclear chief positive over Iran talks

Yukiya Amano, of the International Atomic Energy Agency (IAEA), is due to hold talks with Iran's chief nuclear negotiator, Saeed Jalili.
Source: BBC
18:57 | In the world Blues are a cup team - Wenger

“Chelsea are a cup team these days. Maybe they can’t keep up the pace in a marathon but they can handle a sprint.”
Source: The Sun
18:42 | In the world Alex Ferguson rushed to hospital

He was at a soccer bash when he suffered a heavy nose bleed that would not stop.
Source: The Sun
18:11 | In the world Agent: Gago has agreed terms with Roma and will never return to Real Madrid

"Fernando did not receive the professional treatment he deserved and he will not go back. [Mourinho] disrespected an impeccable character,” Lombilla said.
Source: Goal.com
17:43 | In the world Chinese dissident Chen leaves Beijing for U.S.

"We can confirm that Chen Guangcheng, his wife and two children have departed China and are en route to the United States so he can pursue studies at an American university,” the U.S. State Department said.
Source: Reuters
17:40 | In the world Three shipwrecked fishermen lived on clams, seaweed for 10 days

The three men were on a fishing trip on their 50-foot liner Pacific Siren when it capsized about 70 miles south of Prince Rupert.
Source: CNN

16:11 26/12/2007 » Economy

The year 2007 is one of the successful years with its indicator of 13.6 percent economic growth. The two digit growth reported in the course of recent seven year testifies that the reforms are effective and we have stable and dynamically developing economy. I am sure that we have real chances of two digit economic growth in the coming 4-5 years. This was said by President Robert Kocharyan while he described the passing economic year during his traditional meeting with more than 60 representatives of the business community at the close of the year.

“The state budget is completely performed although we increased it by 38 billion drams in the course of the year. Even that surplassed budget is over-performed. This enabled the state to fully meet its commitments and solve very serious social issues,” the head of the country said.

In the words of the president, the capital expenditures have gone up directed particularly to infrastructure – road construction and water supply system. There are serious chances to raise the old age pensions and allowances.

Kocharyan said everything possible will be done so that the citizens have the chance to improve their housing and life conditions. The president mentioned that the business community has its contribution to all the success stories. He pinpointed to the relation of partnership between the business community and the government.

Speaking about next year expectations, the president mentioned that the bank and information technologies are going to develop. He also said developments are expected in the mining industry. In the words of Kocharyan, more than half billion dollars of investment is expected in the mining industry in the coming next years.

President press services report that Kocharyan also spoke about the issue of monopolies saying they speak about economic entities with dominant position. He said the fact that new economic entities do not enter into their field may be explained by psychological factors, also saying consistent work must be done to overcome that.

Kocharyan also spoke about the presidential elections. He assured that everything will be done so that the political developments have no negative impact on the field of economy, saying such experience was observed.

Source: Panorama.am