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

Capital of Armenian Banks Reaches 2.32 Trillion Drams in January–September

As of September 30, 2026, the total capital of Armenian banks stood at 2.32 trillion drams.

Armenia’s Prime Minister Proposes Developing Stock Exchange Listings for the Country’s Mining Companies

Prime Minister of Armenia Nikol Pashinyan thinks that the mining sector should take the lead in developing institutions of public share ownership in the country, including through the listing of companies on stock exchanges.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (October 12–18)

Armenia’s financial agenda over the past week encompassed the development of the government securities market, regulatory changes for banking operations, cooperation with international financial institutions, and the subsidization of financing for energy storage systems.

VTB (Armenia) supports the Newmag BOOK DONATION initiative in the city of Hrazdan

VTB (Armenia) continues to support the socially significant "BOOK DONATION" project by the Newmag publishing house, which aims to replenish library collections in Armenia’s regions with contemporary literature.

ACBA Bank issues bonds totaling 10 billion drams and $10 million

ACBA Bank is offering, via a public offering, two tranches of non-documentary coupon bonds, with a total volume of 10 billion drams and $10 million. The offering period runs through February 20, 2027.

LATEST NEWS

spot_imgspot_imgspot_img