ANC offers its recipe to reduce inflationSeptember 18, 2010 - 13:28 AMT PanARMENIAN.Net - Due to the global economic recession, entrepreneurs and companies in developed countries lost most of their capital while in Armenia, where a 14.4% GDP slump was registered, the fortune of oligarchs continued to grow, the Armenian National Congress (ANC) said in a statement. “The main income for the oligarchs is the artificial rise in prices. In January-August 2010, inflation was 9.6%. This means that each family lost about AMD 250 thousand,” the statement says. “Explained by the global rise in prices for wheat, the prices for flour went up 35-40% in Armenia.” In its “100 Steps” program, ANC offers to restrict the activity of major supermarket networks and let SMB develop. The Congress offers to combats monopolists by barring them from importing more that 1/3 of the whole volume of imported goods, thus securing 20-40% price reduction and 50-80% pension increase. 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 | Russia provides info about arrested Armenian ex-MP Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan. Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”. 41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience. Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |