Ungrounded 50% rise in prices expected in ArmeniaMarch 4, 2009 - 15:27 AMT PanARMENIAN.Net - Ungrounded 50% rise in prices for consumer goods is expected in Armenia."The dram-to-dollar rate will soon be fixed at ADM400/$1 mark," Gevorg Baghdasaryan, member of the Armenian Association of Consumers, told a PanARMENIAN.Net reporter. He said that the goods were imported at a fixed price and the current rise in prices is ungrounded. As to petrol price, he said, "The prices for petrol are dropping throughout the global. But they are going up in Armenia." For her part, Association chairperson Melita Hakobyan stated that the national currency downfall is the result of CB wrong policy. 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 | Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. Baku: EU, U.S. share responsibility for Armenia’s “destabilizing actions” Azerbaijan has declared that the European Union and the United States will share responsibility for any destabilizing actions of Armenia Armenia to sing in 2nd semi-final of Eurovision The organizers of Eurovision 2024 have revealed the running order of the countries in the two semi-finals. Azerbaijan accuses Armenia of arming Karabakh after 2020 Azerbaijan has accused Armenia of “illegally transported ammunition” to Nagorno-Karabakh after the November 9 statement. |