Government won’t tolerate unfounded price hike, PM saysDecember 18, 2014 - 15:48 AMT PanARMENIAN.Net - Prime Minister Hovik Abrahamyan met with representatives of the International Monetary Fund (IMF), the World Bank (WB) and entrepreneurs Wednesday, Dec 17 to discuss current situation as the financial market, according to Panorama.am. As the official noted at a cabinet meeting on Thursday, the international partners fully support the Armenian government’s efforts aimed at stabilization of the financial market. According to the PM, though stabilization tendency was observed on the financial market today (Dec 18) and yesterday, the government remains concerned about high margin at currency exchange points and price hikes on the consumer market. In particular, he said, prices for sugar, flour and some other foods rose yesterday. In this context, Abrahamyan instructed head of the State Commission for the Protection of Economic Competition Artak Shaboyan to monitor the situation and brief him on the results every day. “The government will not tolerate unfounded price hike,” he said. Related links: 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |