  CBA expects 8% inflation in 2013, bank’s official says June 11, 2013 - 21:01 AMT PanARMENIAN.Net - The Central Bank of Armenia expects inflation of up to 8% during 2013, deputy head of CBA monetary and credit department said. As Artur Stepanyan further noted, the increase in inflation forecast of 4±1,5% is conditioned by a hike in gas and electricity prices as well as devastating hail in May. According to him, growing cost of products and services caused by the gas and electricity tariffs upsurge will also affect the inflation growth. However, he said, inflation will drop in late 2014.   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 |  Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
