  Arthur Stepanyan: CBA forecasts close to real March 12, 2011 - 14:15 AMT PanARMENIAN.Net - The measures undertaken by the government allow curbing inflation by the second half of 2011, a representative of the Central Bank of Armenia said. “Of course, the high prices arouse concern,” head of the CBA monetary and credit policy department Arthur Stepanyan told a news conference in Yerevan. The 12-month inflation reached 12.4%, mostly conditioned by the rise in prices for foodstuffs and world prices for raw materials. “Nevertheless, we expect slower inflation rate in the second half of the current year. CBA forecasts are close to real,” Stepanyan noted. The 2011 national budget envisages 4±1,5% inflation.   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. |
