Bagrat Asatryan: inflation major problem in ArmeniaDecember 23, 2010 - 12:14 AMT PanARMENIAN.Net - The inflation rate in Armenia in 2010 was the highest over the past 15-16 years, former chairman of the Central Bank of Armenia said. “According to official data, the index exceeded 8%,” Bagrat Asatryan told journalists on December 23. “The CBA has taken up the policy of 2008-2009, intervening in the foreign currency market deals,” he said. “The monopolization of the country’s economy, the rule of oligarchs and bribe takers are the reasons behind high inflation rate.” 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. |