Tue, 4 March
2.1 C
Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
spot_img

CIS economies back on recovery track: Armenian PM

YEREVAN, November 23, /ARKA/. Back from a CIS prime ministers’ meeting in Ukrainian Yalta, Armenian premier Tigran Sarkisian told journalists that the CIS economies hit the bottom and are back now on recovery track. He said this viewpoint is shared by all his counterparts.

In his words, Armenia is experiencing the same process. He added that nevertheless, none of his counterparts dared to make forecasts because the overall economic situation depends on a set of different factors.

‘A great deal will be depending on the situation at global markets,’ he said.

He said there are also negative forecasts, predicting a second wave of the crisis that may come in 2010 spring because the economic indices of the United States are not improving yet.

According to Tigran Sarkisian, this in mind heads of the CIS governments are cautiously optimistic.

Participants of the November 20 gathering discussed over 20 issues vital for all countries and summed up results of anti-crisis measures in each CIS member state.  -0-

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

New Armenian Formula VC II fund invests $30 mln in 40 tech startups with Armenian roots around the world

Armenian Formula VC fund announced the launch of Formula VC II fund on Thursday. 

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

LATEST NEWS

spot_imgspot_imgspot_img