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Daily Archives: Jan 9, 2014

Sociologist: introduction of compulsory car insurance in Armenia triples number of traffic accidents

Insurance
Introduction of compulsory car insurance in Armenia in 2011 tripled the number of traffic accidents, Aharon Adibekyan

Households’ expenditure in 3rd quarter of 2013 drop by 0.1 percent – NSS

Economy
Armenian households’ expenditure in the third quarter of 2013 (reviewed as end consumers) dropped by 0.1 percent from the year before to 1.105.6 trillion drams of the GDP, according to the National Statistical Service (NSS)

Armenia’s monetary base rose 3.8% to AMD 746.4 billion in November

Economy
Armenia’s monetary base grew by 3.8% in November, compared with October, to about AMD 746.4 billion

Overdue loans of Armenian commercial banks rose to 25.26 bln drams in November

Banks
Overdue loans of Armenian commercial banks surged by 3.3% in November compared to October, to 25.26 billion drams or 1.47% of total lending

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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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