PM: Government will not tolerate baseless price hike

The government will not tolerate baseless price hike, Prime Minister Hovik Abrahamyan said at the beginning of the cabinet meeting today.

The Prime Minister informed he met with representatives of the IMF, World Bank, relevant agencies and legal entities. “Our international partners fully support our steps targeted at stabilizing the situation on the financial market in light of the abrupt fluctuations of the currency rate caused by outer shocks,” he said.

Hovik Abrahamyan said that stabilization is observed on the market and voiced confidence that the trends would continue.  However, we are concerned over the ma

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