ARFD offers to punish CBA up to dismissal of its leadershipApril 6, 2011 - 14:54 AMT PanARMENIAN.Net - Member of the opposition ARF Dashnaktsutyun (ARFD) parliamentary group Artsvik Minasyan offers to punish the Central Bank of Armenia (CBA) for deviations in forecasts concerning the inflation rate by 50%. “Nobody bears responsibility for a high inflation rate in Armenia. The CBA should provide explanations to the country’s President, who will make a relevant decision up to dismissal of the CBA leadership,” Minasyan said during a roundtable organized by the Club of Economic Journalists of Armenia. 4±1.5% inflation rate is envisaged under the Armenian state budget, while the annual inflation rate exceeded 10% in March. Minasyan noted at the same time that the policy of the Central Bank of Armenia is not aimed at developing the financial market, in which the banking system’s share is over 90%. “The problem is in the system of public regulation, which prevents development of other sectors of the financial market,” he said. 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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |