  RA PM predicts 5-6% inflation in Armenia June 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 |  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. |
