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Daily Archives: Jan 15, 2014

Russia’s international reserves in 2013 decreased by $28.023 billion or 5.2 % to $509.595 billion –Bank of Russia

Economy
Russia’s international reserves in 2013 decreased by $28.023 billion or 5.2 % to $509.595 billion as of January 1, 2014, the Bank of Russia said. In December last year, the figure decreased by 1.2%, RBC reported

Capital inflows to CIS declined by 1.6 percent in 2013- World Bank report

Economy
Economic activity strengthened in the Europe and Central Asia region in 2013 supported by strengthening external demand, according to the World Bank Global economic Prospects report

Global economic growth 2.6% in 2014: HSBC projection

Banks
Global economy growth will be 2.6% in 2014, a bit higher than in 2013 (2%), says HSBC’s projection

Global stocks cheered by US data, yen retreats: Reuters

Capital market
Asian markets look set to gain on Wednesday as surprising strength in U.S. consumer spending reassured investors the world's largest economy was still on track for growth

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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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