ARMENIAN LEGISLATOR FORCES DEBATE ON COMPENSATION FOR DEVALUED SAVINGS
Published:
17 December 2004 y., Friday
Armenian parliament deputies narrowly approved on 15 December a proposal by independent legislator Hmayak Hovannisian to debate two draft bills on ways to compensate those persons whose Soviet-era savings bank deposits were wiped out by hyper-inflation in the early 1990s.
The debate has been scheduled for 20 December. One of the two draft bills was prepared by the opposition Artarutiun bloc, and the other by junior coalition partner Orinats Yerkir, whose chairman, parliament speaker Artur Baghdasarian, suggested earlier this week that the proceeds from the privatization of the huge Zangezur mining complex be used to compensate depositors. Compensating depositors was a key tenet of Orinats Yerkir's election platform in the run-up to the May 2003 parliament ballot. Prime Minister Andranik Markarian's Republican Party of Armenia is opposed to any move to pay compensation, as are the IMF and the World Bank.
Šaltinis:
RFE/RL's Armenian Service
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The whale shark is the largest living fish species and is usually found in tropical and warm oceans. This gentle giant is not dangerous to humans but demand for its internal organs is putting it in grave danger.
more »
Land shortages in China and environmental concerns have inspired innovative alternatives at the Asia Funeral Expo in Hong Kong.
more »
Britain's Queen Elizabeth delivers landmark speech of reconciliation during visit to Ireland but stops short of apology.
more »
French climber Alain Robert, known as "Spiderman" scales Turkey's tallest building.
more »
The growth of a tree takes place so slowly that, in real time, it's impossible to observe. Six years ago plant-lover and British film-maker Neil Bromhall decided to speed up the process with time-lapse photography...
more »
Chinese artist Wang Jiang makes portraits of famous faces including U.S. President Barack Obama and Osama bin Laden from nothing but paper torn by hand.
more »
Residents of the southern Spanish town of Lorca stay in makeshift camps and shelters after an earthquake hits the town, destroying buildings and killing at least eight.
more »
The latest technological development in robots is the main focus of the Shanghai International Conference on Robotics and Automation in China.
more »
A rare earthquake rocked Lorca, an ancient town in southeastern Spain, on Wednesday causing houses to collapse, damaging historic churches and public buildings and killing at least 10 people.
more »
A small factory in New York's Brooklyn is doing its best to keep the dying art of making vinyl records.
more »