RA PM predicts 5-6% inflation in ArmeniaJune 28, 2010 - 10:36 AMT PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan has said that the 8,8% economic growth in Armenia is conditioned by 3 factors. “The first is the recovery of Armenian economy. 1% agricultural and 12% construction industry growth was registered. Unemployment rates tend to reduce while salaries continue rising,” he said. “The second is the result of anti-crisis measures taken by the government.” As to tax, customs and social payments, these reached AMD 270bln, exceeding the envisaged sum by 11,6%. “This means that we will be able to ensure macroeconomic stability and lower the budgeted deficit to 4,5% instead of planned 6,5%,” the PM said. The third factor, according to Sargsyan, is the stability of national currency rate achieved as a result of monetary policy pursued by the Central Bank. “Inflation will be 5-6%,” he said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |