Armenian official unable to name reasons behind rise in prices for cheeseNovember 10, 2010 - 14:22 AMT PanARMENIAN.Net - Chairman of the RA Parliamentary Standing Committee for Financial, Credit and Budgetary Affairs Gagik Minasyan said that the GDP growth will be from 2.4 to 3.6% by the end of 2010 in Armenia. It is too important that the export growth rates twice exceed the import growth rates, Minasyan told a press conference in Yerevan. “Besides, the growth rates of industry are rather high. However, high level of inflation is a very serious challenge faced by the Armenian authorities. Thus, serious measures are taken to tackle it,” he said. Commenting on the opinion that cheese market is monopolized, Minasyan said that it is not true. However, he was unable to name the reason behind the dramatic rise in prices for cheese. 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |