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 | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |