  Armenian Finance Ministry predicts 5-5,5% inflation in 2011 January 24, 2011 - 15:32 AMT PanARMENIAN.Net - Reduction of Armenia’s state budget deficit will allow for 5-5,5% inflation in 2011 against 9,4% registered in 2010, according to Armenian Finance Minister Vache Gabrielyan. As he stated at January 24 news conference in Yerevan, Armenia went thorough a supply shock in 2010. To cope with the situation, the Finance Ministry and Central Bank aim to take steps to ensure the offer. In particular, the Ministry of Finance will decrease state budget deficit, which, by the year 2013 will comprise less than 3% against 7,5% in 2009 and ± 5 in 2010.   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 Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
