Ungrounded 50% rise in prices expected in ArmeniaMarch 4, 2009 - 15:27 AMT PanARMENIAN.Net - Ungrounded 50% rise in prices for consumer goods is expected in Armenia."The dram-to-dollar rate will soon be fixed at ADM400/$1 mark," Gevorg Baghdasaryan, member of the Armenian Association of Consumers, told a PanARMENIAN.Net reporter. He said that the goods were imported at a fixed price and the current rise in prices is ungrounded. As to petrol price, he said, "The prices for petrol are dropping throughout the global. But they are going up in Armenia." For her part, Association chairperson Melita Hakobyan stated that the national currency downfall is the result of CB wrong policy. 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. |