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Daily Archives: Apr 13, 2023

Armenian delegation discusses country’s economic prospects amid global challenges with WB and IMF representatives

Economy
As part of the World Bank (WB) and International Monetary Fund (IMF) 2023 spring meetings, the Armenian delegation held meetings with IMF Resident Representative in Armenia Iva Petrova

Armenian Deputy Prime Minister discussed new assistance programs with IFC representatives in Washington

Economy
An Armenian delegation led by Deputy Prime Minister Mher Grigoryan met Wednesday with International Finance Corporation (IFC) Deputy Administrator Bo Lee in Washington, D.C., as well as with senior officials of the corporation

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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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