Pressing

No more patience left

18.11.2006

“If our coming elections are falsified once again regardless of who’s doing it or to what extent, I testify that I’ll fight against it with all the possible and impossible ways. I can’t tolerate the people’s suffrage violation any more. I don’t see any activities aimed towards preventing the possible election violations. We really get …

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One thing is simple -something is fishy

10.11.2006

The facilitator of the discussion, deputy-editor of 168-Hours newspaper, Armen Baghdasaryan, reminded the participants that there are a few disputable opinions about the role of media. Some people think that media doesn’t play a huge role and the prpoof of that is the low level of circulation of Armenian papers. Furthermore, online media also also …

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Inflation is 6%

07.10.2006

Vache Gabrielyan, RA Central Bank, board member“The Central Bank has suffered losses for stabilizing the currency exchange rates. The CB had a negative balance last year and this year is no exception. If we keep buying more foreign currency, the inflation tendency will grow. Now the inflation is 6%. However, the CB is taking dram …

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“We have told to forget dollar”

07.10.2006

Khachatur Sukiasyan, NA deputy, president of SIL concern“I think that it has already been a month since the exchange rate went over the line. Banks are trying to implement an adequate policy to resist the increase. For instance, I know a company that announced about its policy a year ago in order to not make …

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Inflation tends to grow

07.10.2006

“It doesn’t depend on the environment to make investments and as far as there is inflow of money, inflation will grow. The only way out of the situation is to develop production. The rules of competition say, “you will fade out if you are not modernized”, says Vache Gabrielyan, member of CB board, and recommends …

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Problem in the market

07.10.2006

Suren Bekirski, director of “TOSP” CJSC, does not agree with the abovementioned and brings an example: “How? People have to be healthy in order to go abroad; they have to be able to enter shops and get dressed so that they can have a good physical appearance in society. Nevertheless, if a person is sick …

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Sell 20% of stocks to the society

07.10.2006

Khachatur Sukiasyan“Where should the society distribute the huge money inflow received from abroad? There is no secondary stock market in Armenia. For instance, it would be better to give 20% of the stocks of Armentel to the society. This deal will cost $500 million. If that happens, we would be able to allocate $100 million”.

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Sell stocks

07.10.2006

Hrant Bagratyan, RA former prime minister has come up with a recommendation to the authorities“Who said that the CB should either control inflation or exchange rates? There is another policy that does not concern these two. When the CB wanted to take the stock market it entered the parliament and solved its problem in an …

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Is the statistical data wrong?

07.10.2006

Vache Gabrielyan-I assure you that the price statistics in Armenia are correct. The national statistics makes its calculations on the basis of the current goods and reports 0,2-03% inflation increase. Hrant Bagratyan-The main problem of the statistics is the fact that it doesn’t make it in time to include new goods and services in the …

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Without legislative amendments

07.10.2006

Sargis Aghabekyan-The growth of dram prices creates problems for the economy for sure. The $1,5 billion transferred to Armenia goes to the pockets of some investors. The real sector of the economy is incompatible. Armenia can’t develop the production for the time being; we’d better work with the importers instead. I think that it is …

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