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Daily Archives: Dec 5, 2013

CIS statistical committee: 3.5% inflation in Armenia in Oct 2013, compared with Dec 2012

Economy
Inflation in Armenia was recorded at 3.5% in October 2013, compared with December 2012, the Statistical Committee of the Commonwealth of Independent States reports

EDB and WB to implement irrigation modernization and institutional capacity building project in Armenia

Banks
The Eurasian Development Bank (EDB) serving as the Trustee for the Anti-Crisis Fund of the Eurasian Economic Community (ACF) and the World Bank signed December 4 a cooperation agreement to support the preparation and implementation of the “Irrigation Modernization and Institutional Capacity

Some 1.5 million payments cars used actively in Armenia- Central Bank chairman

Economy
YEREVAN, December 5. / ARKA /. About 1.5 million payment cards, of which 1 million are international cards, are...

Araratbank issues first in Armenia Diners Club International cards

Banks
Armenian Araratbank has announced today the launch of black and red Diners Club International payment cards

Foreign portfolio investments in Armenia’s financial organizations at $1,643.8mln in 9 months

Economy
Portfolio investments made by non-residents in the authorized stock of Armenia’s financial organizations and provided in loans amounted to a total of $ 1,643.8 million in January-September

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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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