  Expert suggests boosting labor productivity to cope with inflation June 13, 2013 - 15:17 AMT PanARMENIAN.Net - An economy expert Vilen Khachatryan urged Armenian citizens to decrease expenses and boost labor productivity in the face of inflation caused by gas and electricity price hike. "Otherwise, Armenian population will have a hard time overcoming RosGazProm-initiated price hike," the expert noted at a June 13 news conference. "However, had RosGazProm improved its management and refused to use its monopolist privileges, the major increase in gas price could have been avoided," the expert said. In conclusion, he urged for development of high technologies and educational reforms as a way out of the situation.   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 Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months  The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan.Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem."U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says.Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |
