Armenian Government Considers Options For Nation’s Economy

ARMENIAN GOVERNMENT CONSIDERS OPTIONS FOR NATION’S ECONOMY

CISTran Finance
Feb 3 2015

February 3, 2015 5:00 AM
By CISTran Finance Reports

During a cabinet meeting on Friday, Armenian Prime Minister Hovik
Abrahamyan said steps should be taken to ensure the country’s economy
can survive in adverse conditions.

As a result of the economic status in the region, the government has
approved the issuance of foreign bonds.

According to a report from the Republic of Armenia, with the country
joining the Eurasian Economic Union, technical regulations from
Armenian law and the union would be in effect.

Because of this, the prime minister has appointed inspectorates from
the ministries of agriculture and economics to serve as supervisory
authorities.

Other items discussed in the meeting included the approval of
the Ministry of Economy to issue one-time licenses to import and
export precious metals and their associated scrap and waste material
with third countries. They also approved the Ministry of Health’s
authority to purchase of diabeton, a drug used to treat diabetes,
for four years at 7 cents (US) per 60 mg capsule.