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Daily Archives: Feb 10, 2010

No economic growth in 2010: expert

Karapet Gevorkian, a candidate of economy, a representative of German KfW Bank in Armenia, questioned today the government’s projection of a 1.2% GDP growth this year.

Central Bank council deputy chairman praises ProCredit Bank

ProCredit Bank’s assets last year grew by 66%, while the banking sector’s assets grew on average by 30%.

Some $950 million remitted to Armenian from Russia in 2009: Central Bank

Some $950 million were remitted to Armenian from Russia in 2009 through the banking system to individuals, the Central Bank of Armenia said in its monthly bulletin.