Armenia expects inflation decreaseThe government’s relative calmness can be explained by the fact that most of the economic programs that were subsidized are being successfully implemented. Armenian Prime Minister was waiting for a guest meeting of the government in Vayots Dzor province to tell that the country is entering a deflation period. July 2, 2011 PanARMENIAN.Net - “Deflation reported in June 2011 proves Armenia’s return to the inflation trend planned by the Central Bank of Armenia,” the PM stated. “1,4% deflation rate suggests Armenia enters a deflationary development stage to last for the 2 months to come.” According to National Statistical Service of Armenia, consumer prices index grossed 69,6% in June against May results, while the annual index was 108,5%. As to Vayots Dzor, the persisting problems here are lack of job opportunities and social ill-being. The damage caused by bad weather conditions in spring totaled AMD 873 million. Industrial production amounted to AMD 2441,5 which is 0,9% of the republic's total index. The major share is winemaking and mineral water production which decreased in the reporting period by 9,1% and 3,6% respectively. According to official data, 8,5% rise of consumer prices was registered in Armenia in June 2011 being mostly conditioned by increased prices for food and services (13,6% and 2,8% respectively). As compared to May, prices dropped 1,2%. The government assures that the state debt doesn't affect the country's economic growth. In Vayots Dzor, 2012-2014 Strategic Program for State Debt Management was approved. The document envisages a national debt of USD 1.75 bln in 2011; USD 4 blin in 2012; USD 4.15 bln in 2013 and USD 4.3 bln in 2014. At present, Armenia’s state debt ranges within 40-50% from GDP, without exceeding the level stipulated by the Law on State Debt. The government’s relative calmness can be explained by the fact that most of the economic programs that were subsidized are being successfully implemented. Victoria Araratyan / PanARMENIAN News Most popular in the section Armenia’s “useless” manpower Small and medium sized businesses weigh in on consequences of war Hybrid banknotes New markets opening for home-grown products More articles in this section 4 rules for business success An ultimate guide Reduction of personnel and tax collection growth State Revenue Committee changes its policy Countries and goods that boosted Armenian export in 2016 Record figures | 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. |