Thu, 23 October
18.1 C
Yerevan
USD: 382.51 RUB: 4.68 EUR: 443.18 GEL: 141.23 GBP: 509.20

Armenia’s membership in Customs Union will not lead to major change in inflationary environment –CB Board member

YEREVAN, February 25. / ARKA /. Armenia’s membership in the Russia-led Customs Union will not lead to a major change in the country’s inflationary environment, according to Arthur Stepanyan, a member of the Central Bank Board.

Earlier economy minister Vahram Avanesyan said the studies showed that the maximum inflationary pressure from Armenia’s membership in the Customs Union will not exceed 1.5%.

He said to ARKA that in order to prevent the growth of customs duties Armenia is currently negotiation with the Russia-led trade bloc to allow it to levy its current lower import duties on around 1000 goods.

He said the Central Bank and the government have a projected inflation rate of 4% and the challenge will be keeping it at this level. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img