Daily Archives: Nov 9, 2009

Bagrat Asatryan: economic decline in Armenia to reach 15% by late 2009

Bagrat Asatryan, the director general of Garni Invest Universal Credit Organization and a former chairman of the Central Bank of Armenia, thinks Armenia will record 15-percent economic decline in 2009.

Klimko is admired by the new project of “ARKA”

Igor Klimko, General Director of “ArmenTel” (brand Beeline) said that he is admired by the new portal - www.armbanks.am.

Armenian banks’ credit investments reach AMD 637.3 billion

Armenian banks’ credit investments reach AMD 637.3 billion by late September

Armenia among CIS countries with lowest average annual inflation

In Jan-Sept 2009, Armenia found itself among the CIS countries with the lowest average annual inflation, the Statistical Committee of the Commonwealth of Independent States reports.

New products of ARKA news agency will be used not only by market participants but also consumers of banking services: CB chairman

Central Bank of Armenia president Arthur Javadian said the new products of ARKA news agency, launched officially on November 6, will be used not only by participants of the market but also consumers of banking services.

ARKA news agency’s project a step forward in Armenia’s information space deputy minister

A deputy Armenian economy minister Vahe Danielian described ARKA news agency’s new financial-banking portal at www. armbanks.am as ‘a significant contribution to development of Armenia’s information space.’

armbanks

ARKA’s initiative to have big success at financial market: NASDAQ OMX Armenia head

Director general of NASDAQ OMX Armenia stock exchange, Armen Melikian, said it is important that information about all developments at the financial market be accessible to the public at large.

Artsakh hydropower plant IPO success

Director General of NASDAQ OMX Armenia stock exchange, Armen Melikian, described the first IPO of Artsakh hydropower plant as successful.

Armenian insurance companies’ equity capital rises to 9.9 billion drams

Twelve Armenian insurance companies said their aggregate equity capital rose to 9.9 billion Drams at the end of September, 2009 from 9.3 billion Drams at the end of Q2.

ARKA receives honorary diploma of VTB Bank (Armenia)

ARKA News Agency represented by the Director Konstantin Petrosov was awarded with a diploma of CJSC VTB Bank (Armenia) and recognized as the best media partner of the bank.

Expert: crisis not to affect stability of Armenian banking system

The crisis did not affect the stability of the banking system of Armenia, the chairman of the Union of Banks of Armenia Ararat Ghukasyan said.