Mon, 7 July
17.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

ARF parliament member says low inflation will have no positive impact on living standards of Armenians

YEREVAN, September 17. / ARKA /. A parliament member from the opposition Armenian Revolutionary Federation (ARF) said today even if the government succeeds in bringing down the inflation rate down to the projected level that would have no positive impact on living standards of the overwhelming majority of Armenia’s citizens.

Speaking at a news conference, Artsvik Minasian, said the government is not capable of securing indicators that would allow citizens to recover at least some of their lost living standards.

Minasian said if Armenian citizens are worse off than in previous years, and there is no improvement dynamics no economic indicator, even a 10% growth in GDP, will mean nothing.

“Such figures will be used by government officials engaged in management and decision-making to just portray our economy in a positive light for international organizations ,” he said

According to 2011 budget, the Armenian economy is to grow by 4.6% and inflation be within 4% (± 1,5%). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank invalidated banking license of Ardshininvestbank due to its merger with Ardshinbank

The Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.

Unibank’s “Haghtanak” branch serves clients from 9:30 am to 7:30 pm

Unibank branch “Haghtanak” has switched to a new operating mode - extended hours. Now clients can receive a full range of banking services from Monday to Friday - from 9:30 am to 7:30 pm.The branch is located at N94, 62 Komitas, Yerevan. 

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

LATEST NEWS

spot_imgspot_imgspot_img