Armenia’s inflation rate close to that in EU statesJanuary 11, 2012 - 12:46 AMT PanARMENIAN.Net - 4.7 % inflation rate was recorded in Armenia in December 2011 compared to the same period in 2010, including 5,8% for foodstuff , 4,3% for non-foods, and 2.9% for service sector. As head of Price Statistics and International Comparisons Division of RA National Statistical Service Gurgen Martirosyan told a press conference, inflation average rate totaled 7,7% in 2011. Comparing Armenia’s inflation index (2,1%) with that of CIS and EU countries based on outcomes of past 11 months, the expert noted the lowest and the highest inflation rates to have been recorded in Georgia (1,4%) and Belarus (204%) within CIS. Inflation indices in Kazakhstan and Russia were observed as follows - 7% and 5,6% respectively. Dwelling on inflation rate in EU member states, Mr. Martirosyan cited 2,7% on average, Armenian index being closer to that of EU. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |