The bank kept the upper level of the rate corridor at 6.75 percent and the lower level at 5.75 percent.

Voters, obviously tired of a long war with Azerbaijan which had drained its economy, propelled Pashinyan’s Civil Contract party to a huge victory.

The illicit business has boomed as bicycles become a market increasingly being filled with high-end models costing thousands of Euros.

According to Azerkontrakt, this agreement will allow the parties to make optimal use of their oil and gas infrastructure, and against the background of the rapid growth of gas production in the country