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Daily Archives: Feb 27, 2020

Armenian government’s revenue in 2018-2019 rose by $1.06 billion

Economy
Armenian government's revenue in 2018-2019 rose by the equivalent of $1.06 billion, Prime Minister Nikol Pashinyan said during a government meeting on Thursday. He said in terms of Armenian drams the tax collection rate rise amounted to 505.4 billion drams or 43.6%

Armenia’s external forex reserves amount to ‘unprecedented’ $2.85 billion – Nikol Pashinyan

Economy
Armenia’s external forex reserves have amounted to the 'unprecedented' $2.85 billion, Prime Minister Nikol Pashinyan said at a government meeting on Thursday

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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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