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Daily Archives: Sep 8, 2015

Armenia will not benefit if Russian gas is paid in rubles- Gazprom Armenia CEO says

Economy
Armenia will not benefit if deliveries of Russian gas are paid in Russian rubles, Armenia’s national Russian-owned natural gas network, Gazprom Armenia CEO Vardan Harutyunyan said in an interview with Gos Armenii (Voice of Armenia) Russian-language semi-weekly

3.6% increase in consumer prices in Armenia in August 2015

Economy
Consumer prices in Armenia rose 3.6% in August 2015, compared with August 2014, the Natinal Statistical Service of Armenia reports

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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.

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.

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