// IP Marketing video - START// IP Marketing video - END

Ungrounded 50% rise in prices expected in Armenia

PanARMENIAN.Net - Ungrounded 50% rise in prices for consumer goods is expected in Armenia.



"The dram-to-dollar rate will soon be fixed at ADM400/$1 mark," Gevorg Baghdasaryan, member of the Armenian Association of Consumers, told a PanARMENIAN.Net reporter.



He said that the goods were imported at a fixed price and the current rise in prices is ungrounded.



As to petrol price, he said, "The prices for petrol are dropping throughout the global. But they are going up in Armenia."



For her part, Association chairperson Melita Hakobyan stated that the national currency downfall is the result of CB wrong policy.
 Top stories
Armenian companies will participate in the international exhibition of food and beverage ProdExpo on February 11-15.
Armenian Defense Minister David Tonoyan on Tuesday, January 29 met a delegation representing Russia's Kalashnikov Concern
The mill employs 700 in Yerevan, supports thousands of area families, and exports products to U.S. and other markets.
Georgia overtook Azerbaijan in terms of GDP per capita in 2018, while Armenia is expected to achieve the same in 2020.
Partner news