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Republican: Until Prices Are Up ....

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  • Republican: Until Prices Are Up ....

    REPUBLICAN: UNTIL PRICES ARE UP...

    Panorama.am
    15:47 14/11/2007

    "It was decided to make a jump in the economic field.

    We will have $2,5 bln instead of $1,6 bln of the year 2007 and this
    tendency will continue in the years 2009 and 2010,'~R Hakob Hakobyan,
    member of the Republican party and deputy from Gegharkunik region,
    said, also saying that the increase in the economic base will cover all
    sectors. Speaking about rise in prices parallel to rise in salaries and
    pensions, Hakobyan said Central Bank is responsible for that. He also
    mentioned the public services regulatory commissions as responsible
    parties for the rise in prices. He said they should follow the changes
    in prices.

    "Rise in salaries and pensions is compensated by higher prices,"
    the Republican announced.

    Asked why the government does not speak how much will be compensated
    on the higher prices from the increase of salaries and pensions,
    Hakobyan said: "The government must have official data to answer
    that question. Until prices are not up, such calculations cannot be
    made. One cannot make calculations in the air."
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