Central Bank of Armenia keeps refinancing rate unchangedJune 8, 2010 - 18:40 AMT PanARMENIAN.Net - At the June 8 session, the Central Bank board resolved to keep the current refinancing rate unchanged, the RA CB press service reported. 1% inflation rate was recorded in May 2010, as a result of which the annual inflation index decreased by 0.5% as compared with the same index in April, totaling 6.3%. The Board believes that though the inflation environment persists, the inflation rate will decrease soon with respect to drop in international prices for raw materials and foodstuffs, as well as the current behavior of the AMD exchange rate. The Board also noted that debt problems of several European countries have significantly contributed to the uncertainty in international prices for raw materials and foodstuffs. Besides, prices for seasonal agricultural products are still unclear. Thus, the Board believes that it is expedient to refrain from changing the credit-monetary conditions. 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. |