 CBA forecasts 2,5% inflation following gas price hike June 10, 2013 - 14:36 AMT PanARMENIAN.Net - The hike in gas and electricity prices will bring about inflation risks. On June 10, MP Artashes Geghamyan asked the chairman of Central Bank of Armenia (CBA) Arthur Javadyan as to the steps the bank takes to neutralize the risks. Mr. Javadyan forecast about 2,5% inflation, noting the tough monetary policy as the only solution to the current situation. “Apparently, this will result in slower GDPA growth rates,” he said. On June 7, the Public Services Regulatory Commission set AMD 156 as the new price for 1 cubic meter of gas. The decision will enter into force on July 7.   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. |
