CBA expects 8% inflation in 2013, bank’s official saysJune 11, 2013 - 21:01 AMT PanARMENIAN.Net - The Central Bank of Armenia expects inflation of up to 8% during 2013, deputy head of CBA monetary and credit department said. As Artur Stepanyan further noted, the increase in inflation forecast of 4±1,5% is conditioned by a hike in gas and electricity prices as well as devastating hail in May. According to him, growing cost of products and services caused by the gas and electricity tariffs upsurge will also affect the inflation growth. However, he said, inflation will drop in late 2014. 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 | 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. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |