ARFD offers to punish CBA up to dismissal of its leadershipApril 6, 2011 - 14:54 AMT PanARMENIAN.Net - Member of the opposition ARF Dashnaktsutyun (ARFD) parliamentary group Artsvik Minasyan offers to punish the Central Bank of Armenia (CBA) for deviations in forecasts concerning the inflation rate by 50%. “Nobody bears responsibility for a high inflation rate in Armenia. The CBA should provide explanations to the country’s President, who will make a relevant decision up to dismissal of the CBA leadership,” Minasyan said during a roundtable organized by the Club of Economic Journalists of Armenia. 4±1.5% inflation rate is envisaged under the Armenian state budget, while the annual inflation rate exceeded 10% in March. Minasyan noted at the same time that the policy of the Central Bank of Armenia is not aimed at developing the financial market, in which the banking system’s share is over 90%. “The problem is in the system of public regulation, which prevents development of other sectors of the financial market,” he said. 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. |