  Central Bank may review refinancing rate over bad weather, fuel prices May 14, 2013 - 18:48 AMT PanARMENIAN.Net - The refinancing interest rate was left unchanged (at 8%) by the Central Bank of Armenia (CBA) board. According to CBA press service report, Armenia posted a 0,1% deflation in April, with a 12-month inflation totaling 3,9% to equal the target figure of 4% ( ±1.5). However, CBA report said, inflation risks are possible in near future, with current bad weather conditions capable of affecting the agriculture sector, as well as due to possible revision of energy carrier prices. In view of the risks listed CBA doesn’t rule out further reconsideration of refinancing rate.   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 CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions”  The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions.Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha.Armenia: Protesters march to parliament, some spend the night on street The protesters did not disperse despite heavy rain that began at around 2 a.m. local time.Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. |
