Sat, 8 February
3.1 C
Yerevan
USD: 396.76 RUB: 4.10 EUR: 411.80 GEL: 141.91 GBP: 493.89
spot_img

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

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Armenia to start providing loans of up to 15 billion drams for the creation of greenhouse farms

On Thursday, the Armenian government approved a program to stimulate the development of modern, technologically advanced large greenhouse farms.

LATEST NEWS

spot_imgspot_imgspot_img