Armenia’s external debt has mounted by roughly 7 percent since 2011, and now given the country’s Gross Domestic Product has not actually increased, the situation appears risky. If the growth rates remain slow, the Armenian Government is likely to cover the foreign debt service with difficulty, said economist Artak Manukyan.
The Parliamentary Assembly of the Council of Europe was heavily criticized in Armenia and Nagorno Karabakh following the approval of the controversial report on Karabakh at the PACE Committee on Political Affairs and Democracy. Criticisms are addressed to PACE and report author Robert Walter (United Kingdom), a rapporteur of the PACE Political Affairs Committee. The Armenian authorities, though, are also criticized, and the project’s approval is described as Yerevan’s diplomatic defeat.
The number of registered job seekers in Armavir region totaled 5602 seeing an increase of 38 percent as compared with the previous year. The specialists, though, are concerned over the growing number of the economically inactive youth.