INFLATION TO GO UP TO 7-10% BY DECEMBER, FORMER PRIME MINISTER PREDICTS
Tert.am
14:06 02.11.10
Inflation in Armenia will make 7-10% by the end of the current year,
according to Armenia’s former Prime Minister Hrant Bagratyan.
“The 4% predicted by the government is unrealistic,” he told
journalists on Tuesday.
At that, he noted that hypercentralised production affects price
growth.
“We have information that there are currently disputes over
monopolizing the imports market,” Mr. Bagratyan said, adding that
the current increase in cheese price could have been caused by high
prices on cheese powder in the global market.
Speaking about the Armenia’s economic situation, the former premier
said that no economic growth was observed in the country.
“We haven’t yet managed to recover the 2007 economic indices. There is
very little growth compared to last year’s 22% downfall,” he mentioned.
In addition, Mr. Bagratyan said he predicted no economic growth by
the end of 2010.
From: A. Papazian
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