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Daily Archives: Jul 4, 2012

Armenian expert: Government subsidies hobble international trade development

Economy
Government subsidies hobble international trade development, Tatul Manaseryan, the head of Alternative analysis center, said Wednesday during Yerevan – Moscow – Kyiv – Chishinau - Astana

WB approves $12 million loan for tax administration modernization project in Armenia

Economy
The World Bank’s Board of Executive Directors approved July 3 a US$12 million credit for the Tax Administration Modernization Project (TAMP) for Armenia, World Bank Yerevan Office told ARKA

Ingo Armenia plans hitting amd 9.2 bln in maximum insurance payments this year

Insurance
Ingo Armenia Insurance company intends to hit nearly 9.2 billion drams in insurance

Armenia’s CB to auction government medium-term bonds valued AMD 6 billion in July

Capital market
Armenian Central Bank said Wednesday it plans to auction government medium-term treasury bonds

Armenian banks’ retained earnings slip 18.2% to over AMD 11.2 bln in Jan-May

Banks
Retained earnings of banks in Armenia tumbled by 18.2% to over 11.2 billion drams

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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.

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.

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