Mon, 1 September
29.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian economy may grow by 2%, HSBC Bank Armenia

YEREVAN, March 26, /ARKA/. HSBC Bank Armenia CEO, Astrid Clifford, said today Armenian economy may grow this year by 2%.

“I can not make concrete forecasts, because everything may change,’ she told a news conference today, adding that the situation in virtually all sectors of economy, except for construction is improving, Armenia’s Gross Domestic Product increased by 3.1 percent in the first two months of this year, the latest government statistics said.

The year-on-year figure was up from a GDP growth rate of 2.4 percent registered by the National Statistical Service (NSS) in January. The growth came after last year’s 14.4 percent contraction of the Armenian economy. The Armenian government and Western lending institutions forecast late last year that the economy will expand by only 1.2 percent in 2010. ($1 – 393.54 Drams). -0-

spot_img

POPULAR

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.

Armenia’s overall public debt rose by approximately 1.8% to reach $14.1 billion as of July 2025

As of July 31, 2025, Armenia's total public debt was recorded at $14,098.6 million, an increase from $13,852.1 million as of June 30, 2025,according to the Ministry of Finance.

Changes made to compulsory motor liability insurance in Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

ODDO BHF financial group exploring potential collaboration with Armenian public sector and private enterprises

On Thursday, Armenian Economy Minister Gevorg Papoyan welcomed a delegation from the ODDO BHF financial group, as reported by the press service of the Ministry of Economy.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img