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Inflation In Armenia Will Be Close To The Target Index In Late 2012,

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  • Inflation In Armenia Will Be Close To The Target Index In Late 2012,

    INFLATION IN ARMENIA WILL BE CLOSE TO THE TARGET INDEX IN LATE 2012, MINISTER OF FINANCE ASSURES

    Mediamax
    Aug 2 2012
    Armenia

    Yerevan/Mediamax/. By the end of the year the inflation in Armenia
    will be very close to the target index (4±1,5 percentage points).

    Minister of Finance Vache Gabrielyan stated this today presenting the
    macro-economic indices of Armenia as of the first half-year of 2012,
    Mediamax reports.

    According to the Minister, the adjusted index of the economic activity
    is quite reassuring (7.8%) and the index of economic activity growth
    fluctuates within 6-6.5% this year.

    In July, AMD 80.5bln was paid to the state budget as taxes and social
    benefits instead of the planned AMD 79.5bln.

    "All the indices show that the rate is good and we are sure to have
    growth in economy and tax collection".




    From: A. Papazian
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