Wed, 4 February
6.1 C
Yerevan
USD: 378.26 RUB: 4.93 EUR: 446.88 GEL: 140.65 GBP: 518.67

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

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Euro ups 3.39 points against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market on January 29, 2026, increased by 0.24 points compared to January 26, reaching 379.1 drams.

First deal in Armenian insurance market: Grawe Group and C-Quadrat acquire LIGA Insurance

On January 30, the Central Bank of Armenia approved the acquisition of 100% of the shares of LIGA INSURANCE by the Austrian Grawe Group and C-Quadrat Investment Group.

Euro drops against Armenian dram while US dollar ups a little

The average market exchange rate for the US dollar to the Armenian dram on February 2, 2026, increased by 0.39 points compared to January 30, reaching 379.03 drams.

Central Bank of Armenia advocates for maximum rigor in identifying crypto company clients.

The chairman of the Central Bank of Armenia, Martin Galstyan, asserts that the process of identifying clients of cryptocurrency companies in the country should be as stringent as possible.

LATEST NEWS

spot_imgspot_imgspot_img