  Hrant Bagratyan: zero economic growth recorded in Armenia in 2010 December 23, 2010 - 17:15 AMT PanARMENIAN.Net - Former Prime Minister of Armenia Hrant Bagratyan said that zero economic growth was recorded in Armenia in 2010, while the actual inflation makes 12-13% instead of the officially recorded 8.1% inflation. 2.5-5.5% inflation corridor envisaged under the 2011 budget is realistic, Bagratyan told a press conference. “Prices for foodstuffs and staple items are much higher in Armenia compared to those in the global market. If it is announced in January that any company may import sugar, we will face deflation. The actual price for sugar makes AMD 210-220 per kilogram,” noted Bagratyan. If such a decision is adopted, the GDP growth will make 12-20%, 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. |
