Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Friday, December 15, 2017

Armenian government considers options for nation's economy

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.

Organizations in this story

Government of Armenia Republic Square, Government House 1, 0010 Yerevan, Republic of Armenia

Get notified the next time we write about Government of Armenia!