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Armenia to save economy

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  • Armenia to save economy

    Vestnik Kavkaza, Russia
    Jan 30 2015

    Armenia to save economy

    30 January 2015 - 8:34pm


    Armenian Prime Minister Ovik Abramyan said today that Armenia was
    preparing to withstand the world economic war. He noted that a
    governmental commission was formed to take measures, come up with laws
    and decisions to make the national economy more sustainable, Arminfo
    reports.

    Vache Gabriyelyan, vice prime minister and the minister for
    international economic integration and reforms, said that the economy
    needed foreign currency. In his words, the government prepared a bill
    to stimulate exports and introduce changes at currency exchange
    offices.

    The vice prime minister reminded that euro bonds worth a total of $700
    million of emissions had been released in September 2013 at a rate of
    6.25%. The bonds were released for 7 years.

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