Harutyun Mesropyan: inflation in Armenia may exceed 10%September 2, 2010 - 14:03 AMT PanARMENIAN.Net - Inflation in Armenia may exceed 10%, according to management expert Harutyun Mesropyan. “There’s no clear development strategy for Armenian agriculture sector, which is a reason behind our inability to forecast inflation. Agriculture Ministry reported 13.1% drop in agricultural production, with fruit and vegetable prices growing 3 times at the food market,” he stated. Head of the parliamentary committee on social issues, Republican Party of Armenia member Hakob Hakobyan noted, for his part, that inflation cannot be foretold, being dependant on many factors. “Armenia has to provide itself with food reserves to be safe against sharp fluctuations,” 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 | Kazakh Foreign Minister arrives in Armenia Kazakh Foreign Minister Murat Nurtleu on Monday, March 18 arrived in Armenia for a two-day trip. Aliyev touts “good chances” for normalizing ties with Armenia Azerbaijani President Ilham Aliyev has declared that there are “good chances” for normalizing relations with Armenia. Putin secures fifth term as Russian president Russian President Vladimir Putin has secured a fifth term in office through a dubious national plebiscite. Top Armenian, Indian defense officials discuss cooperation The discussions primarily focused on enhancing cooperation in the defence sector between Armenia and India. |