Zhoghovurd newspaper writes that ex-chairman of the Board of ArmBusinessBank CJSC, Ara Kirakosian, was arrested. The banking circles of Armenia proved such information to Arminfo.
Minister for Labor and Social Affairs Artyom Asatryan says the draft budget of Armenia for 2014 envisages nearly 29 bln drams for pension provision. In this light, the bill looks to certainly change the order of the state pension provision on the basis of the general labor experience. Thus, the pensioners with at least 10 years of labor experience will receive by 9.5% higher pension in 2014. The pensions will rise 12.9%, 15.4%, 17%, and 18.6% for 20, 30, 40 and 50 years of the labor experience, respectively. In addition, he says, the government will pay approximately 700 drams for every year of labor experience.