Mon, 28 July
30.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian economy is strong enough to withstand new challenges

YEREVAN, December 25, /ARKA/. Armenian prime minister Tigran Sarkisian said today the country’s economy is strong enough to withstand new challenges in the next year.

‘Armenia possesses serious resources to ensure stable macroeconomic situation in 2010 and we are ready to withstand new challenges,’ he said at a news conference today. He said the stable macroeconomic situation would create favorable conditions for investors and citizens to be sure that the government would fulfill its commitments.

The prime minister said the government is closing the year with a 80 billion Dram free balance and 54 billion Drams in its stabilization fund. He also reminded that the European Union will provide Armenia with 100 million Euros assistance next year, saying this extra resources will help secure macroeconomic stability.

He also said Armenia’s macroeconomic situation, its image of a solvent country and a reliable partner, allows it to count on additional aid from its donors. ($1-376.92 Drams).  -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

 Law on Cryptoassets enters into force in Armenia

The Law on Cryptoassets entered into force on July 4, 2025, the press service of the Central Bank of Armenia reports.

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.

LATEST NEWS

spot_imgspot_imgspot_img