Wednesday, November 13 2019 16:56
Alexandr Avanesov

RA Minister of Finance: From January 1, 2020, prices for some types  of imported goods will rise in Armenia

RA Minister of Finance: From January 1, 2020, prices for some types  of imported goods will rise in Armenia

ArmInfo. Starting January 1, 2020, prices for some imported goods will rise in Armenia. On November 13, RA Minister of Finance Atom Janjughazyan said this in  the parliament, answering the question of the MP from the Bright  Armenia faction Gevorg Gorgisyan that changing customs duties could  lead to inflation growth from the planned level of 4% (+ - 1.5 %) up  to 8%.

The Minister of Finance did not theoretically rule out this  possibility, noting that it is extremely difficult to reach this  indicator if one focuses on macroeconomic indicators. The Government  of the country, together with the Central Bank, are taking the  necessary steps to manage all possible risks, including through  export growth and diversification of export potential. However, the  minister admitted the possibility of rising prices for some items of  goods. "There will be some price hikes, but instead there will be  much more tangible benefits than the price hikes of certain types of  products," the minister said, urging not to consider the upcoming  price increase unilaterally.

To recall, from January 1, 2020, it is planned to increase customs  duties for 700-800 items of goods imported into Armenia from third  countries and bring them into line with customs duties in force in  other EAEU countries.

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