RA PM predicts 5-6% inflation in ArmeniaJune 28, 2010 - 10:36 AMT PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan has said that the 8,8% economic growth in Armenia is conditioned by 3 factors. “The first is the recovery of Armenian economy. 1% agricultural and 12% construction industry growth was registered. Unemployment rates tend to reduce while salaries continue rising,” he said. “The second is the result of anti-crisis measures taken by the government.” As to tax, customs and social payments, these reached AMD 270bln, exceeding the envisaged sum by 11,6%. “This means that we will be able to ensure macroeconomic stability and lower the budgeted deficit to 4,5% instead of planned 6,5%,” the PM said. The third factor, according to Sargsyan, is the stability of national currency rate achieved as a result of monetary policy pursued by the Central Bank. “Inflation will be 5-6%,” 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 | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |