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28.03.2024

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24.05.2022
National Assembly Submits Annual Report on CB Activities
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On May 24, the Governor of the RA Central Bank Martin Galstyan submitted the Annual Report on Activities of the Central Bank .

According to Martin Galstyan, the report includes two documents, the Report on the Monetary Policy Program (Q1, 2022) and the Report on Implementation of the Monetary Policy Program (Q4, 2002.)

The Governor of the Central Bank said that low economic activity and a weak demand environment were forecast for 2021, mainly due to the effects of the ongoing spread of coronavirus in the world, the growing uncertainty about the economic perspectives.

“During the year, both in the partner countries and in Armenia, economic activity and aggregate demand recovered faster than expected. In some cases, the production capacity has been expanded at a relatively slow pace, which has increased additional inflationary pressures in economics,” Martin Galstyan noted.

According to the rapporteur, the influence of external demand factors in the internal services sector was more significant in the second half of the year because of higher rates of tourism than expected.

“At the same time, the expansion of the inflationary environment in the world was reflected in the increase of inflationary expectations of our society, which was facilitated by the impact of the expected changes in the prices of currently regulatory services,” the Governor of the Central Bank Martin Galstyan said. Under such inflationary developments, the Central Bank continued to pursue a policy of tightening monetary conditions during the year, increasing interest rates by a total of 2.5 percentage point, as a result of which, the inflation began to decline in the end of the year and was 7,7% in December 2021.

In his speech, the Chair of the NA Standing Committee on Financial-Credit and Budgetary Affairs Gevorg Papoyan underlined that thanks to the actions and interventions of the Central Bank, Armenia is the only country among the EAEU member states that does not have double-digit inflation.


28.03.2024
Aleksey Sandikov attends meetings of IPA CIS Permanent Commission on Defense and Security Issues and Joint Commissions
The member of the RA NA delegation to the Inter-Parliamentary Assembly of the Commonwealth of Independent States (CIS IPA), the deputy of the Civil Contract Faction Aleksey Sandikov took part in the meetings of the IPA CIS Permanent Commission on Defense and Security Issues and the Joint Commission ...

28.03.2024
Georgian Parliamentarians Visit Tsitsernakaberd Memorial Complex
On March 28, the delegation led by the Chairman of the Education, Science and Youth Affairs Committee of Parliament of Georgia Givi Mikanadze that arrived in Armenia, visited Tsitsernakaberd Memorial Complex accompanied by the member of the RA NA Standing Committee on Science, Education, Culture, Di...



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