Baku, Azerbaijan, Nov.26
Both the purchasing power of the population and the number of people itself decreased in Armenia, Armenian Report said with reference to the Haykakan Zhamanak newspaper.
"Newspaper sources close to the banking system of Armenia said that this year's major importers predict more modest costs from the part of the population for the New Year and have planned their seasonal import with this in mind," the newspaper said.
This year importers will reduce the volume of imported goods by 5-10 percent less than usual, which is caused by a decrease in the purchasing power of the population, as well as reduce of the amount of the population itself, according to the sources of the newspaper.
It is noteworthy that the importers made such prediction even before the sharp devaluation of the Armenian dram.
Translated by EA
Edited by CN