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Gas Price Increase To Cause Dram Offer Slump At Foreign Exchange Mar

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  • Gas Price Increase To Cause Dram Offer Slump At Foreign Exchange Mar

    GAS PRICE INCREASE TO CAUSE DRAM OFFER SLUMP AT FOREIGN EXCHANGE MARKET

    /PanARMENIAN.Net/
    08.02.2010 16:26 GMT+04:00

    /PanARMENIAN.Net/ Armenian MP, ARF Dashnaktsutyun parliamentary group
    member Artsvik Minasyan urged citizens of Armenia to be more active in
    defending their rights, promising social democratic parties' support.

    "Popular initiatives, backed up by political forces, can turn into
    a major motive power," he emphasized.

    "While discussing state budget for 2010, Dashnaktsutyun offered to
    raise pensions, allowances and salaries in case of inflation, although
    the government insists there is no immediate threat of inflation.

    Nonetheless, oncoming gas price increase will definitely lead to new
    inflation-caused pressure," Minasyan noted. "This, in turn, will spur
    dram offer slump at foreign exchange market, subsequently impacting
    product turnover in Armenia."

    ArmRosGazprom CJSC addressed PSRC with a request to review current
    tariff for consumers utilizing up to 10 000 cubic meters of gas, as
    well as operator tariffs for supply, distribution and transportation
    of natural gas.

    The Armenian Revolutionary Federation Dashnaktsutyun is an Armenian
    political party founded in Tiflis (Tbilisi, the capital of Georgia)
    in 1890 by Christapor Mikaelian, Stepan Zorian, and Simon Zavarian
    The ARF has the largest number of members from the political parties
    present in the Armenian Diaspora, having established affiliates in
    more than 200 countries.

    The ARF Dashnaktsutyun led the effort toward the establishment of
    the first Armenian Republic in 1918 and was the party in power for
    the duration of its existence. Following the Sovietization of Armenia
    in 1920, the ARF Dashnaktsutyun was banned by the Communists and its
    leadership exiled.

    In the Diaspora, the ARF Dashnaktsutyun fought Soviet rule over
    Armenia and championed the cause of Armenian rights and independence;
    it played a leading role in organizing a social and cultural framework
    aimed at preserving the Armenian identity.

    The ARF Dashnaktsutyun officially re-emerged in Armenia during the
    dissolution of the USSR, in 1990.

    On December 28, 1994, the activities of the ARF-Dashnaktsutyun were
    "temporarily suspended" by the Armenian authorities. In view of
    the political nature of the anti-ARF interdictions by the Armenian
    authorities, the ARF continued to operate in Armenia. On February 9,
    1998, less than a week after the resignation of the then president
    Ter-Petrossian, the Justice Ministry lifted the ban on the ARF
    Dashnaktsutyun.
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