WB: Armenia’s economy is gradually recovering despite some challenges

YEREVAN, June 22. /ARKA/. Armenia’s economy is gradually recovering despite some challenges, Aristomene Varoudakis, head of the World Bank’s Yerevan office, said Monday at his meeting with Armenian National Assembly Speaker Hovik Abrahamyan.

The national Assembly’s press office told ARKA News Agency that Abrahamyan thanked Varoudakis, who is wrapping up his mission in Armenia, for effective cooperation and expressed appreciation of his activity here.

Abrahamyan and Varoudakis spoke about the global crisis and its impacts on Armenia.
They also discussed regional problems.-0—

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EBRD has appointed a new head of its office in Armenia

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Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.

Euro and dollar exchange rates against the Armenian dram have increased again, while the ruble has weakened again: Central Bank of Armenia

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Inflation of 4.2% recorded in Armenia in May

In Armenia, 12-month inflation in the consumer market in May of this year amounted to 4.2%, according to a report from the Statistical Committee of Armenia.

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