Sun, 27 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia’s central bank projects 7.5% growth of median wages in q 4

YEREVAN, November 1, /ARKA/. Armenia’s Central Bank projects that the median nominal monthly wage will grow by 7.5% in the fourth quarter of the outgoing year. The Bank attributes the anticipated growth to moderate rise of wages both in public and private sectors as a result of steady rise of labor productivity.

The Bank said the median nominal wage in the first three quarters of 2011 will grown by 9% as a result of anticipated reduction of unemployment level, which according to its forecast will drop to 6.8% in the fourth quarter of 2010.

The Central Bank also projects that the unemployment rate will fall further to 6.7% for the first nine months of 2009, by 0.4 p.p. down from the same time span of 2010.

The Central Bank also says that inflationary pressure on labor market in quarter 4 , 2010 will grow by 0.4% because the median monthly wage will be growing faster than labor productivity.  -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

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 economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img