Although during the first half of last year prices mostly decreased in Armenia, 2014 ended with a significant inflation conditioned, particularly, by the increase of consumer goods prices during the last two months.
The Central Bank’s (CB) decision to give two years’ time to commercial banks in order to increase their share capital six fold up till 30 billion AMD (about $63 million) is directed toward solving some problems the banking system faces now, experts said.
The Armenian president ordered the government to do everything in their power to prevent electricity tariff increase this year, despite the fact that the only company providing electricity has accumulated huge debts, as well as the national currency’s devaluation implies a price rise, according to the country’s energy minister.
Armenia’s Central Bank (CB) has adopted a new approach for regulating the recent situation in the currency market and overcoming exchange rate fluctuations of the recent weeks, it said in a statement on Monday.
As concerns arise over how Armenia will be affected by Russia’s economic problems brought on by international sanctions, an International Monetary Fund representative says internal stability will serve against foreign unease.
The fact that Armenia was the first among CIS countries to adopt anti-corruption strategy still 11 years ago and in fact has completed two such strategies is no ground for the people to think that corruption in the country has decreased.