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Daily Archives: Feb 5, 2020

NSC: Armenia’s overall public debt at the end of December 2019 stood at $7.324.167 billion

Economy
Armenia's overall public debt at the end of December 2019 stood at $7.324.167 billion, representing an increase of $158.091 million from the previous month, the National Statistical Committee (NSC) said today. It said the overall public debt at the end of 2018 stood at $6.922, 512 billion

Consumer prices in Armenia in January 2020 grew by 0.2% compared with January 2019

Economy
Consumer prices in Armenia in January 2020 grew by 0.2% when compared with January 2019, and by 1.3% as opposed to 2019 December, the National Statistical Committee (NSC) said today

Swift international transfer commission at Unibank decreased to AMD 2,500

Banks
Unibank has decreased Swift international transfer commission for legal entities and individual entrepreneurs, the press office of the bank reported on Wednesday

Central Bank: new bond issuances expected in Armenia in 2020

Capital market
New bond issuances are expected in Armenia this year, Martin Galstyan, a member of the Central Bank Board, said in an interview with Civilnet the day before

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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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