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Daily Archives: Dec 29, 2009

Government to step up work for turning Armenia into regional financial center only after overcoming crisis

Economy
Government to step up work for turning Armenia into regional financial center only after overcoming crisis

CB of Armenia does not rule out establishment of and mergers of operating banks

Banks
Central bank of Armenia does not rule out establishment of and mergers of operating banks

Finance minister downplays speculations that foreign debt may reach 50% of its GDP

Economy
Finance minister downplays speculations that foreign debt may reach 50% of its GDP

Armenian financial system avoids strong shock amid recession

Banks
Armenian financial system avoids strong shock amid recession

Areximbank-Gazprombank Group’s authorized capital built up to AMD 12 347.3 mln

Banks
Areximbank-Gazprombank Group’s authorized capital built up to AMD 12 347.3 million

Individual bank deposits in Armenian dram slash by 22.8%

Banks
Individual bank deposits in Armenian dram slash by 22.8% in January-November to 167.5 billion drams

Finance minister expects 25 billion drams to come out of ‘shadow’

Economy
Armenian finance minister Tigran Davtian said Monday he expects 25 billion drams to come out of ‘shadow’ next year.

Central Bank of Armenia does not see any reasons for dram revaluation

Banks
Central Bank of Armenia doesn’t see any reasons for possible revaluation of national currency”, said Artur Javadyan, Chairman of the Central Bank of Armenia.

Economic decline in Armenia by the results of 2009 will be 15% – Ministry of Finance

Economy
“By the results of 2009, 15% economic decline was registered in Armenia”, said Tigran Davtyan, Minister of Finance of Armenia.

Head of CBA: lending by Armenian banks doubled in H2

Banks
Head of CBA: lending by Armenian banks doubled in H2

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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