Sun, 9 February
-5.9 C
Yerevan
USD: 396.76 RUB: 4.10 EUR: 411.80 GEL: 141.91 GBP: 493.89
spot_img

Russia’s annual inflation rate may slow to below 11% by the end of 2015- deputy finance minister says

YEREVAN, April 20. / ARKA /. Russia’s economy may grow by up to 2.5% next year, deputy finance minister said Monday, Russian news agencies reported. Speaking to reporters on a visit to Washington DC, Maxim Oreshkin said Russia’s gross domestic product may grow by 1.5%-2.5% in 2016.

“I personally think that we could see growth pace higher than in 2013, thanks to ongoing changes linked to the exchange rate and GDP structure,” Oreshkin said.

Russia’s economy slowed to 0.6% last year.

The World Bank and the International Monetary Fund, who met Russia’s finance ministry delegation over the weekend, had both said that economic contraction this year would be deeper than the government forecast. The economy will continue contracting in 2016, the global institutions predicted earlier this month.

Oreshkin also said the annual inflation rate should slow to below 11% by the end of 2015. The government had earlier said 2015 inflation was seen at around 12%, far above the central bank’s target of 4%.-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