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Daily Archives: Feb 8, 2013

Use of electronic payment products added $983 billion to GDP of 56 countries

Economy
The growth in the use of electronic payment products, such as credit and debit cards, added $983 billion to the Gross Domestic Product (GDP) of the 56 countries examined between 2008 and 2012, according to a study conducted for Visa by Moody's Analytics, a leading independent provider of economic forecasting

Ardshininvestbank starts servicing public servants social package accounts in Armenia

Banks
Ardshininvestbak starts servicing the accounts of social packages for public servants of a number of state organizations as from February 11, the bank’s press service told ARKA Agency

Nordea experts forecast world economy growth by 3.5% in 2013

Economy
YEREVAN, February 8. /ARKA/. World economy will increase to 3.5% in 2013, and to 4% in 2014, Steen Grøndahl,...

ECB keeps interest rate at 0.75% for seventh month, dailyfx reports

Banks
The European Central Bank left the interest rate unchanged at 0.75% for the seventh straight month following its monthly meeting. The unchanged benchmark interest rate was as expected by Bloomberg surveyed analysts. Euro traders will now look forward to the press conference with ECB President Draghi, which is scheduled to take place at 13:30 GMT

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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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