  Central Bank of Armenia retains 8% refinancing rate December 6, 2011 - 16:50 AMT PanARMENIAN.Net - Central Bank of Armenia Council took a decision to retain 8% refinancing rateat December 6 meeting. 1.2% inflation was recorded in November 2011 compared with October, as a result of which 12-month inflation rate totaled 4,8%, decreasing against last year’s 0,9%. The Council noted that Armenian economy is developing in accordance with expected tendencies stipulated by 2011 monetary policy program, envisaging 4% (± 1,5%) fluctuation for 12-month inflation rate. In this context, CB Council considers it appropriate to follow the directions of neutral monetary policy in fourth quarter 2011, CBA press service reported.   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 |  Latest news 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.CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions.Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. |
