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Daily Archives: Jul 26, 2012

WB: unemployment rate in Armenia drops 1.3% in jan-may to 16.5

Economy
Unemployment rate in Armenia went 1.3% down in the first quarter of this year, compared with the same period a year earlier, to 16.5%, according to World Bank’s JobTrends study.

Russian banks safeguarded against external shocks; CB head says

Banks
Structural changes in the balance sheets of Russian banks since the 2008 crisis have strengthened

Tendencies for posting 7% economic growth in Armenia are positive- IFC

Economy
The tendencies for fetching up 7% economic growth in Armenia this year are quite positive

VTB Bank(Armenia) opens its newly renovated Arabrkir branch

Banks
VTB Bank (Armenia) said Wednesday it opened its newly renovated branch Arabkir in Yerevan, Azatutyun 20/37

Moody’s downgrades 17 German banks

Banks
Moody's on Wednesday downgraded the outlook for 17 German banks after a similar move

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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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