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ARMENIAN GOVERNMENT DETERMINED TO CURB AND BRING DOWN INFLATION
ARKA
JULY 21, 2010
YEREVAN
YEREVAN, July 21, /ARKA/. The government is determined to carry on a
policy designed to curb and bring down the inflation, a senior member
of the ruling Republican Party said today.
Speaking at a news conference, Gagik Minasian, head of a parliament
committee on finance, budget and credit issues, said the inflation
rate dropped by 1.1% from three previous months to 7.3 % from 8.4% .
He said despite this positive trend the government will work to bring
it down to 5.5% to make it in tune with its projected target for 2010.
Gagik Miansian spoke also about the latest macroeconomic indicators
reported by the National Statistical Service saying that the industrial
output in the first half of the year grew by 12.3%, services sector
reported a 6.1% growth and construction rose by 4.1%.
According to government data, Armenian exports grew by 55.9%
year-on-year to $442.8 million or 1.704 billion Drams and imports grew
by 24.4% to $1.724 billion or 662.2 billion Drams. The negative trade
balance amounted to $1.281.2. billion or 491.8 billion Drams. The
Gross Domestic Product (GDP) in the first six months grew by 6.7%
year-on-year.
From: A. Papazian
ARKA
JULY 21, 2010
YEREVAN
YEREVAN, July 21, /ARKA/. The government is determined to carry on a
policy designed to curb and bring down the inflation, a senior member
of the ruling Republican Party said today.
Speaking at a news conference, Gagik Minasian, head of a parliament
committee on finance, budget and credit issues, said the inflation
rate dropped by 1.1% from three previous months to 7.3 % from 8.4% .
He said despite this positive trend the government will work to bring
it down to 5.5% to make it in tune with its projected target for 2010.
Gagik Miansian spoke also about the latest macroeconomic indicators
reported by the National Statistical Service saying that the industrial
output in the first half of the year grew by 12.3%, services sector
reported a 6.1% growth and construction rose by 4.1%.
According to government data, Armenian exports grew by 55.9%
year-on-year to $442.8 million or 1.704 billion Drams and imports grew
by 24.4% to $1.724 billion or 662.2 billion Drams. The negative trade
balance amounted to $1.281.2. billion or 491.8 billion Drams. The
Gross Domestic Product (GDP) in the first six months grew by 6.7%
year-on-year.
From: A. Papazian