Central Bank chief: 12-month inflation rose to 9.6% in Armenia in November
The economic activity in Armenia is estimated to be lower than forecast at this point, mainly due to a downturn in agriculture and industry, Chairman of the Central Bank Martin Galstyan told a news conference on Tuesday.
Galstyan said that inflation in Armenia stood at 1.7% in November this year against 1.3% in November 2020, with the 12-month inflation rising to 9.6% at the end of November.
He predicted 8.4% inflation in Armenia by the end of the year.
The Board of the Central Bank decided to raise the refinancing rate by 0.5 percentage point to 7.75% on Tuesday.
Related news
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
17:04
Filmmaker: Turkish-Azerbaijani-Armenian trio putting democracy on trial
Filmmaker and publicist Hovhannes Ishkhanyan has condemned the prosecution of opposition figure Edgar Ghazaryan, accusing the Armenian...
Source Panorama.am
16:35
Avetik Chalabyan condemns 'disgraceful' prosecution of opposition figure
Public and political figure Avetik Chalabyan, coordinator of the HayaKve initiative, has denounced the "disgraceful"...
Source Panorama.am
16:13
Snow to persist in parts of Armenia
Snow will persist in some parts of Armenia over the weekend, with blizzards and low visibility expected in the country’s mountainous...
Source Panorama.am
15:35
Archbishop condemns activist Edgar Ghazaryan’s prosecution
Archbishop Bagrat Galstanyan, the leader of the Holy Struggle movement, has expressed full support for opposition figure Edgar Ghazaryan,...
Source Panorama.am
15:06
Around 700 Armenian trucks stuck at Russia-Georgia border
Approximately 700 Armenian trucks are stuck in a long que at the Upper Lars checkpoint on the Russia-Georgia border, the Traffic Management...
Source Panorama.am
14:35
Five lawyers to take on activist Edgar Ghazaryan's defense
The Five Human Rights Defenders Initiative will provide legal defense for public and political activist Edgar Ghazaryan, who is facing charges...
Source Panorama.am
14:01
California governor requests nearly $40 billion in wildfire recovery funding
California Gov. Gavin Newsom requested nearly $40 billion in wildfire recovery aid in a letter to members of Congress on Friday, CNN...
Source Panorama.am
13:36
Yerevan residents have rare chance to breathe clean air after heavy snow
The recent abundant snowfall in Yerevan has brought about a positive outcome. After years of breathing polluted air, the residents of the...
Source Panorama.am
13:15
Armenian activist denies charges, demands accountability for prosecutors
Public and political activist Edgar Ghazaryan, former Armenian ambassador to Poland, has rejected the charges against him, demanding...
Source Panorama.am
12:36
Ex-ombudsman slams charges against activist Edgar Ghazaryan
Former Human Rights Defender Arman Tatoyan has lambasted the prosecution of public and political activist Edgar Ghazaryan, calling it an...
Source Panorama.am
12:06
Mkhitaryan among most valuable players aged 34 and older
The football portal Transfermarkt has updated its market valuations for players aged 34 and older, with former Armenian team captain...
Source Panorama.am
11:35
Lawyer: Political activist Edgar Ghazaryan charged for critical remarks
Public and political activist Edgar Ghazaryan has been charged over his critical comments about judges, his lawyer Ruben Melikyan...
Source Panorama.am
11:04
Another Azerbaijani journalist arrested
Baku’s Khatai District Court has remanded journalist Nurlan (Libre) Gahramanli to one month and 15 days in pre-trial detention....
Source Panorama.am
17:06
Expert: Government undermines reputation of Armenian language
Political analyst Menua Soghomonyan, co-founder of the HayaKve initiative, accused Armenia’s current government of failing to prioritize...
Source Panorama.am
16:30
WCC expresses solidarity with Armenian Patriarchate of Jerusalem facing unjust foreclosure
The World Council of Churches (WCC) on Thursday issued a statement expressing solidarity with the Armenian Patriarchate in Jerusalem in the...
Source Panorama.am
16:03
Armenia sees sharp decline in tourist arrivals
The number of tourists visiting Armenia sharply declined in January this year. It appears that the millions of drams spent on the city’s...
Source Panorama.am
15:35
George Aghjayan to serve as ANCA’s national chairman
The Armenian National Committee of America (ANCA) has announced that longtime Armenian American activist and grassroots leader George Aghjayan...
Source Panorama.am
15:00
Baku orders suspension of BBC News Azerbaijani
The Azerbaijani government has ordered the suspension of BBC News' Azerbaijani operation in the capital city, Baku.
The BBC said in a...
Source Panorama.am
14:36
Lawyer: Appellate court sends Avinyan's lawsuit against Pastinfo back for retrial
The Civil Court of Appeals on Friday upheld Pastinfo’s appeal in a case involving Yerevan Mayor Tigran Avinyan and the Armenian National...
Source Panorama.am
13:46
Woman attacked with axe in her home in Jerusalem's Armenian Quarter
A woman in her 50s was attacked in her home in the Armenian Quarter of Jerusalem's Old City, Magen David Adom announced on Wednesday...
Source Panorama.am
13:25
MP: Azerbaijan using sham trials of Armenian prisoners as 'a deadly weapon' against Armenia
Opposition Pativ Unem faction MP Tigran Abrahamyan has reacted to a recent message from Ruben Vardanyan, an Armenian businessman and...
Source Panorama.am
12:45
Americans, Russians reportedly discussed Ukraine war through Swiss side channel
U.S. and Russian participants have quietly met in Switzerland for unofficial discussions about the Ukraine war in recent months, including as...
Source Panorama.am
12:30
MP urges OSCE to send monitoring mission to Baku to observe sham trials of Armenian prisoners
Lilit Galstyan, a member of the Armenian National Assembly who is part of the OSCE Parliamentary Assembly (PA) delegation, delivered a speech at...
Source Panorama.am
12:06
Number of political prisoners growing in Azerbaijan
According to a report by one of Azerbaijan’s human rights organizations dated December 12, 2024, there were 331 political prisoners in the...
Source Panorama.am
11:45
Chinese team finds new bat coronavirus
A Chinese team has found a new bat coronavirus that carries the risk of animal-to-human transmission because it uses the same human receptor as...
Source Panorama.am
11:32
YSU shifts to online classes amid bad weather
Yerevan State University (YSU) today announced a shift to remote classes due to adverse weather conditions.
The university classes typically...
Source Panorama.am
11:10
Russian envoy slightly injured in traffic accident in Yerevan
Russian Ambassador to Armenia Sergey Kopyrkin’s motor vehicle on Thursday had a traffic accident due to heavy snowfall in Yerevan with the...
Source Panorama.am
17:06
Gyumri to hold municipal elections on March 30
At a meeting on Thursday, the Central Electoral Commission (CEC) set March 30 as the date for early municipal elections in Gyumri,...
Source Panorama.am
16:35
Analyst: US, Russia need to rebuild trust to resolve global issues
Panorama.am interviewed Sergei Melkonian, a historian, political analyst and research fellow at APRI Armenia, about the statements...
Source Panorama.am
15:35
Hamas returns bodies of 4 Israeli hostages
Hamas on Thursday handed over the bodies of four Israeli hostages held in Gaza — the first time the group has released deceased captives...
Source Panorama.am
Videos
17:32 20/02/2023
Artur Vanetsyan: I think you'll see me more often at various events in future
17:35 20/02/2023
Armenian expert: U.S. stance on Karabakh remains unchanged
13:59 09/02/2023
Premature births increase in Artsakh due to stress
12:43 09/01/2023
Snow-covered Yerevan
15:41 15/12/2022
Gegham Stepanyan calls for sanctions against criminal Azerbaijan
11:45 29/11/2022
Memorial plaque honoring Yeghishe Charents inaugurated in Yerevan
