Tue, 8 July
31.1 C
Yerevan
USD: 384.19 RUB: 4.90 EUR: 450.58 GEL: 141.45 GBP: 521.65

Finance minister: 2010 to be year of recovery for Armenia

YEREVAN, February 23. /ARKA/. Armenian Finance Minister Tigran Davtyan, speaking at Bridge-2010, seventh international economic forum held this weekend in Tsakhkadzor, Armenia, said 2010 would be a year of recovery for Armenia.

“We recorded some economic growth in January,” he said. “This gives us hope for quick recovery.”

According to National Statistical Service of Armenia, the country enjoyed 2.4% economic growth in January 2010, compared with the same month a year earlier.

Davtyan said that despite pessimistic outlooks in 2009, there was hope for recovery.

He said that all the difficulties caused by the global recession have been overcome.

“We faced economic decline, but as a whole, macroeconomic situation remained stable, predictable and controllable thanks to the government, private sector and the community’s efforts,” the minister said. -0–

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

LATEST NEWS

spot_imgspot_imgspot_img