Armenia central bank cuts key refinancing rate by 1%September 27, 2016 - 18:19 AMT PanARMENIAN.Net - Armenia's central bank said on Tuesday, September 27 it had decided to cut its refinancing rateby 1% - to 6.75% from 7.2%. Annual deflation in the country was at 1.9% in August, compared to 1.3% deflation in July, according to central bank data. Monthly deflation in August was 0.%, compared to 2.3% deflation in July. The government forecasts annual inflation in a 2.5-5.5% range in 2016, the same as last year's target. 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. |