YEREVAN. - Armenia’s Prime Minister Hovik Abrahamyan is ready to follow the advice of his party and spend less on Christmas, Armenian News - NEWS.am reports.

“Taking into account the current situation in the region, we have to tighten our belts a little and spend less. This is temporary,” Prime Minister said on Thursday prior to the ruling Republican Party of Armenia Executive Board meeting.

In recent days, the cost of essential commodities went up. When reporters asked about increasing prices, several Republican Party MPs urged to reduce holiday spending.