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Daily Archives: Jun 10, 2013

More expensive prices of gas and electricity to push inflation by 2.5 percent: Central Bank

Economy
The chairman of Armenia’s Central Bank, Artur Javadyan, told the parliament today that the rise in the prices of gas and electricity to become effective from July 7 will push the inflation rate by 2.5%

Reso insurance company wins charity marathon

Insurance
Three employees of Armenian Reso insurance company were named the winners of the second annual charity marathon called “Yerevan Business Run-2013", which was held on June 9 in the Armenian capital, the company said in a press release

Armenia: Forex market review for June 3-7

Capital market
Last week, the average weighted exchange rate of U.S. dollar at NASDAQ OMX Armenia stock exchange fell by 0.97% to 413.44 drams as the weekly trading decreased by 47.52 percent from the previous week to $8.88 million. The average exchange rate of the greenback declined further by 0.95% on June 8 to 414, 72 drams

About 86% of Armenian bankers foresee yearly inflation within 2.5-5.5%: poll results

Banks
About 86% of the banking respondents in a poll conducted by Armenia’s central bank in Q1 said the 12-month inflation will range between 2.5% and 5.5%

Armenian Central Bank auctions mid-term government bonds worth AMD 500 million

Capital market
On Monday, the Central Bank of Armenia sold 39-week AMGT39103146 government bonds worth 500 million drams, the regulator’s press office reports

Metals market: gold and copper prices are likely to down

Economy
Gold prices demonstrated no definite dynamics over the past five days. Most of the time the investors were pretty restricted. Gold prices were pressured amid the concerns over the demand from the world largest gold consumer

All deposits in Armenia’s banks valued at over AMD 1 315,7 bln in April, 2.5% down

Banks
All deposits in Armenian commercial banks fell in April by 2.5% from March to 1 315,7 billion drams, according to the Central Bank of Armenia

Electric networks of Armenia unprofitable in 2012: CEO

Economy
Electric Networks of Armenia operated at a loss in 2012, the company’s general director Yevgeniy Bibin told reporters Friday

About $8.88 mln traded at NASDAQ OMX ARMENIA stock exchange last week

Capital market
The Central Bank of Armenia said nearly $8.88 million against $16.9 million was traded at NASDAQ OMX Armenia stock exchange from 3 to 7 of June

Armenian Commercial Banks obtained over $86.6 mln last week

Exchange market
Armenian commercial banks purchased over $86.6 million at an average weighted rate of 415.40 drams per $1 from 3 to 7 June in intra-banking market of foreign currency

Asian markets surge on us jobs data: Citywire

Capital market
Asian shares gained on Monday in late morning session, with Japanese stocks rebounding sharply, after a report showed the US added more workers than expected and Japan revised up its first-quarter growth

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Latest news

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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