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Daily Archives: Jan 24, 2014

Armenia’s inflation last year was 5.8 percent

Economy
Armenia saw last year its inflation rise 5.8% from the year before, according to the latest numbers of the National Statistical Service (NSS)

MoneyGram awards Bank VTB (Armenia) for significant growth

Banks
MoneyGram company has awarded Bank VTB (Armenia) a diploma “For significant growth” in the instantaneous money remittance market in 2013, the bank’s press office reported

Armenia’s Bank Anelik joins Intel Express

Banks
Bank Anelik cjsc has joined the Intel Express money transfer system, the bank’s press office reported

Euro extends gains against dollar after U.S. data

Exchange market
The euro extended gains against the dollar on Thursday following the release of a flurry of U.S. data, as expectations for further monetary easing by the European Central Bank

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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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