Mon, 29 September
16.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Armenian economy hit the bottom

YEREVAN, November 3, /ARKA/. Armenian economy hit the bottom and the exit from the crisis will be depending on what kind of steps the government will take in the next 4-5 months, Tigran Jrbashian, a senior official of Ameriabank said today.

“The dynamics of taking the country out of the crisis will be contingent on what the government and other stakeholders will do in the next 4-5 months. But there is no doubt that we have hit the bottom,’ he told journalists during a news conference.

In his words, there are clear signs that all trends are positive. “The speed of going out of the crisis will depend on the situation at global markets and the efficiency of the government’s anti-crisis measures as well as on the business’ reaction to these measures,’ he said.

The Armenian government, the World Bank and the International Monetary Fund have all forecasted that the full-year economic contraction will be between 12-15%. They also expect the economy to grow next year by 1%. -0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img