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Daily Archives: Sep 8, 2017

World Bank in Armenia has new country manager

Banks
Armenia’s Minister of Economic Development and Investments Suren Karayan received today a delegation, led by Mercy Tembon, World Bank Director for the South Caucasus, Europe and Central Asia

Kamurj credit organization offers new loan

Loans
Kamurj credit organization said it offers a new agricultural and business micro loan dubbed "Urgent" and the best terms for already operating microcredits

Armenia’s international reserves grow by $73 million in August

Economy
Armenia’s gross international reserves grew by 3.4% or $73.1 million in August 2017 amounting to $2.176.4 billion, according to preliminary data of the Central Bank

Positive dynamics of money transfers to Armenia to continue

Economy
The positive dynamics of remittances sent to Armenia mostly by labor migrants is expected to continue to the end of 2017, which in turn will contribute to the growth of consumer and investment activity, the Eurasian Development Bank (EDB) said in its monthly survey

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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.

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.

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