Government won’t tolerate unfounded price hike, PM saysDecember 18, 2014 - 15:48 AMT PanARMENIAN.Net - Prime Minister Hovik Abrahamyan met with representatives of the International Monetary Fund (IMF), the World Bank (WB) and entrepreneurs Wednesday, Dec 17 to discuss current situation as the financial market, according to Panorama.am. As the official noted at a cabinet meeting on Thursday, the international partners fully support the Armenian government’s efforts aimed at stabilization of the financial market. According to the PM, though stabilization tendency was observed on the financial market today (Dec 18) and yesterday, the government remains concerned about high margin at currency exchange points and price hikes on the consumer market. In particular, he said, prices for sugar, flour and some other foods rose yesterday. In this context, Abrahamyan instructed head of the State Commission for the Protection of Economic Competition Artak Shaboyan to monitor the situation and brief him on the results every day. “The government will not tolerate unfounded price hike,” he said. Related links: 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. |