Eurozone inflation remains stable at 2,4%July 31, 2012 - 18:39 AMT PanARMENIAN.Net - Eurozone inflation was unchanged in July for the third month running at an annualised 2.4 percent, still well above the European Central Bank's core target, EU data showed on Tuesday, July 31, AFP said. The figures from the Eurostat agency marked the 20th consecutive month that inflation came in above the ECB's medium-term inflation target of just below but close to 2.0 percent. Analysts, though, said the trend going forward would be downwards, London-based Jennifer McKeown of Capital Economics maintaining that "energy inflation is likely to fall again before long and core inflation will be pulled down by the deepening recession." She added, two days ahead of a key meeting at the European Central Bank, that "the still-high rate of inflation need not prevent the ECB from taking further action to try to pull the region out of recession this week or after." 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. 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. |