Government won’t tolerate unfounded price hike, PM saysDecember 18, 2014 - 15:48 AMT PanARMENIAN.Net - Prime Minister Hovik Abrahamyan met with representatives of the International Monetary Fund (IMF), the World Bank (WB) and entrepreneurs Wednesday, Dec 17 to discuss current situation as the financial market, according to Panorama.am. As the official noted at a cabinet meeting on Thursday, the international partners fully support the Armenian government’s efforts aimed at stabilization of the financial market. According to the PM, though stabilization tendency was observed on the financial market today (Dec 18) and yesterday, the government remains concerned about high margin at currency exchange points and price hikes on the consumer market. In particular, he said, prices for sugar, flour and some other foods rose yesterday. In this context, Abrahamyan instructed head of the State Commission for the Protection of Economic Competition Artak Shaboyan to monitor the situation and brief him on the results every day. “The government will not tolerate unfounded price hike,” he said. Related links: 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 | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |