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Armenian GDP grows by 5.5 percent in q1

YEREVAN, April 20. /ARKA/. Armenian economy grew by 5.5% in the first quarter of 2010 compared to the same time span last year, the National Statistical Service said. It said also the GDP amounted, in terms of money, to 568.1 billion Drams.

The GDP in March grew by 43.1% from February.

Armenian economy contracted last year by 14.4%. The government projects a 1.2% GDP growth this year. ($1 – 394.24 Drams). -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of biggest profit-gainers among Armenia’s banks for Jan-Sept 2019

ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia's commercial banks for Jan-Sept 2019. The Armenian banking sector's aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits

Euro exchange rate rises by 0.91 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 26, 2025, amounted to 393.51 drams, down 0.04 points compared to February 25.

Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-‘ with a Stable Outlook.

Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook

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