Tue, 30 September
15.1 C
Yerevan
USD: 382.75 RUB: 4.63 EUR: 448.54 GEL: 141.34 GBP: 513.96

Minasyan: inflation in Armenia to keep subsiding also in 2011

YEREVAN, October 8. /ARKA/. Inflation in Armenia will keep subsiding also in 2011, Gagik Minasyan, chairman of Armenian National Assembly’s finance committee, said Friday at a news conference.

He said 0.2% deflation was reported in Armenia in August.

Minasyan thinks this indicator inspires hope for further improvement of situation.

He said that the country recorded 7.7% year-on-year inflation in Jan-Aug 2010.

“We think annual inflation will reach 5.5% this year and subside to 5.3% in 2011,” the lawmaker said.

In the 2010 government budget, inflation is projected at 4% (±1.5%). -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.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img