  CBA head predicts inflation lower than 5,5% June 14, 2011 - 16:00 AMT PanARMENIAN.Net - Head of the Central Bank of Armenia Arthur Javadyan confirmed his forecasts regarding 2011 inflation index. “I do not want to sound too optimistic but we will do our utmost to secure inflation level at 5.5%,” he said when presenting the outcomes of 2010 and presenting the Central Bank’s projections for 2011. According to the forecasts, during the first 6 months of the year inflation will remain at 9%. “In summer, deflation will be registered. Certainly, there are some risks related to natural conditions and sharp increase of global food prices. But we will respond adequately in the framework of our monetary policy,” Javadyan 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 |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
