RA Central Bank does not change refinancing rateMarch 10, 2009 - 21:18 AMT PanARMENIAN.Net - During the meeting as of March 10, the RA Central Bank Council made a decision not to change the refinancing rate and to leave it on the level of 7,75%, the RA Central Bank press-service reported to PanARMENIAN.Net The Central Bank Council thinks that the assessments regarding the inflation pressures, preconditioned by the devaluation of national currency and presented at the Council's special meeting as of March 3, remain realistic. In the very case, the previous increase of the rates by 1.0 points, at present provides a reasonable combination of deviation decrease from the target inflation level and assistance for economic growth. Besides, the Council did not eliminate further updating of percentage rates in case they maintained today's internal and external economic developments. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. 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. |