  ANC offers its recipe to reduce inflation September 18, 2010 - 13:28 AMT PanARMENIAN.Net - Due to the global economic recession, entrepreneurs and companies in developed countries lost most of their capital while in Armenia, where a 14.4% GDP slump was registered, the fortune of oligarchs continued to grow, the Armenian National Congress (ANC) said in a statement. “The main income for the oligarchs is the artificial rise in prices. In January-August 2010, inflation was 9.6%. This means that each family lost about AMD 250 thousand,” the statement says. “Explained by the global rise in prices for wheat, the prices for flour went up 35-40% in Armenia.” In its “100 Steps” program, ANC offers to restrict the activity of major supermarket networks and let SMB develop. The Congress offers to combats monopolists by barring them from importing more that 1/3 of the whole volume of imported goods, thus securing 20-40% price reduction and 50-80% pension increase.   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 |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
