The Central Bank foresees increasing expenditures for 2006. The reason for this is that instead of having 90 workers working for the supervising body of the insurance companies of the Stocks committee and the Ministry of Finance and Economy, the Central Bank will create 45 new work sites: “Besides that, according to the legislation, the salaries for the Central Bank workers must be equivalent to the salaries of the banking system. That is why we plan on increasing the salary fund by 17% in 2006,” says president of the Central Bank Tigran Sargsyan.
