RA Central Bank does not change refinancing rateMarch 10, 2009 - 21:18 AMT PanARMENIAN.Net - During the meeting as of March 10, the RA Central Bank Council made a decision not to change the refinancing rate and to leave it on the level of 7,75%, the RA Central Bank press-service reported to PanARMENIAN.Net The Central Bank Council thinks that the assessments regarding the inflation pressures, preconditioned by the devaluation of national currency and presented at the Council's special meeting as of March 3, remain realistic. In the very case, the previous increase of the rates by 1.0 points, at present provides a reasonable combination of deviation decrease from the target inflation level and assistance for economic growth. Besides, the Council did not eliminate further updating of percentage rates in case they maintained today's internal and external economic developments. 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 | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |