Eurozone inflation accelerated to 2.6 percent in MarchMarch 31, 2011 - 14:55 AMT PanARMENIAN.Net - Inflation across the eurozone accelerated to 2.6 percent year-on-year in March, the EU said Thursday, March 31, as fears mount that rising prices could put a brake on economic growth. Up from 2.4 percent in February, according to European Union data agency Eurostat, the rate is now significantly above the European Central Bank's hopes for medium-term inflation at below two percent across the 17-nation currency area, AFP reported. March marks the fourth successive month above that target, and makes it a racing certainty that the ECB will raise interest rates, probably as early as their April meeting. The March rate for the eurozone is the highest since October 2008, when it hit 3.2 percent. A year earlier the rate was 0.8 percent. 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 | Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. Armenia: Rescue workers restore pedestrian bridge for flood-hit community Rescue workers on Wednesday, June 5 restored a pedestrian bridge in the town of Alaverdi in Armenia’s north. |