Central Bank of Armenia keeps refinancing rate unchangedJune 8, 2010 - 18:40 AMT PanARMENIAN.Net - At the June 8 session, the Central Bank board resolved to keep the current refinancing rate unchanged, the RA CB press service reported. 1% inflation rate was recorded in May 2010, as a result of which the annual inflation index decreased by 0.5% as compared with the same index in April, totaling 6.3%. The Board believes that though the inflation environment persists, the inflation rate will decrease soon with respect to drop in international prices for raw materials and foodstuffs, as well as the current behavior of the AMD exchange rate. The Board also noted that debt problems of several European countries have significantly contributed to the uncertainty in international prices for raw materials and foodstuffs. Besides, prices for seasonal agricultural products are still unclear. Thus, the Board believes that it is expedient to refrain from changing the credit-monetary conditions. 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 | U.S., Armenia sign customs deal According to Armenian customs data, U.S.-Armenian trade reached $670 million last year. Glendale mayor to visit Yerevan Asatryan last visited Armenia in December 2022-January 2023 as she helped establish a partnership between Armenia’s Opera House and Los Angeles Opera. Ucom’s fixed network launches in Nor Hachn City residents will be able to use fixed-line Internet, mobile communications and television in one package at more affordable prices. Ambassador summoned to Russia returns to Armenia Sergei Kopyrkin has returned to Yerevan more than two weeks after being recalled to Moscow for consultations. |