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Daily Archives: Feb 17, 2010

EBRD finds double-dip crisis in Armenia unlikely

Economy
Helena Schweiger, the chief economist at EBRD, answering the question ARKA News Agency put up to her, said she found double-dip recession unlikely in Armenia.

Analysis: growth of earnings from Armenian companies’ sales slows down by 4.1% in 2009

Economy
Growth of Armenian companies’ earning from sales slowed down by 4.1% in 2009, compared with 2008, to AMD 1793.8 billion by late December, Armenian State Revenue Committee said after analyzing large taxpayers’ indicators.

ArmBanks.am - ARKA News Agency financial-banking portal
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Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

Strong demand for mortgages and consumer loans keep interest rates high – Central Bank of Armenia

One of the phenomena faced by the Central Bank of Armenia is the huge demand for loan products, the regulator's head Martin Galstyan said at a press conference on Tuesday.

Armenia’s inflation in 2025 may approach lower threshold of target – Central Bank

The inflation target in Armenia for the current year is set at 3%, and by the end of 2025 it will most likely approach the lower limit, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday.

Draft law on regulating crypto assets will soon be submitted to Armenian government

The draft law developed by the Central Bank of Armenia to regulate crypto assets will soon be submitted to the Armenian government for approval and then sent to parliament, the regulator's chairman Martin Galstyan said at a press conference today.

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