Ara Nranyan: in 2010, Armenia faced an outbreak of uncontrolled inflationDecember 27, 2010 - 17:47 AMT PanARMENIAN.Net - Ara Nranyan, ARF Dashnaktsutyun MP, a member of the parliamentary committee for economic issues summarized the results of 2010 at news conference in Yerevan. “In 2010, Armenia faced an outbreak of uncontrolled inflation,” the expert said, forecasting 9% inflation in the coming year. “For the first time in 10years, the rate of inflation in Armenia exceeds that of the average salary, which spells a drop in actual wages,” the expert noted, slamming current methods used to resolve the issue. 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’s fixed network launches in Nor Hachn City residents will be able to use fixed-line Internet, mobile communications and television in one package at more affordable prices. Armenia to send Deputy Foreign Minister to Berlin’s Ukraine Recovery Conference Georgia will attend the forum at the level of Prime Minister, Foreign Minister, while Azerbaijan will send their Foreign Minister. About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. |