Artsvik Minasyan: CBA does not handle its basic functions appropriatelyDecember 17, 2010 - 16:46 AMT PanARMENIAN.Net - Member of the opposition ARF Dashnaktsutyun parliamentary group Artsvik Minasyan said that the Central Bank of Armenia (CBA), which should secure prices stability in the country, currently does not handle its basic functions appropriately. According to him, the CBA has even huger functions in the economy than the country’s government and it does not handle all its tasks properly. As for tariffs for public services, Minasyan said that people’s solvency is not taken into consideration while setting them. “The drop in gas consumption from year to year is not accidental,” he said. As for introduction of compulsory vehicle insurance in Armenia, Minasyan said that this liability is too huge load for the country’s population. “The government should first introduce a system of social risks insurance,” Minasyan concluded. 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 PM meets Iran’s Supreme Leader in Tehran Prime Minister Nikol Pashinyan had a meeting with Supreme Leader of the Islamic Revolution Seyyed Ali Khamenei Ruling MP accuses opposition of “serving other countries' interests” Khachatur Sukiasyan has accused Armenia’s opposition of serving the interests of other countries Protest leader vows to achieve departure of Armenian authorities According to Archbishop Bagrat, there is only one solution to the situation in Armenia. Heads of Armenian, Ukrainian parliaments hold virtual talks Alen Simonyan and Ruslan Stefanchuk held talks via video conference on Tuesday, May 21. |