FOREX CLUB: Armenian economy overcoming crisis dynamically

YEREVAN, November 1. /ARKA/. Armenian economy is overcoming the crisis quite dynamically, the head of analytical department of FOREX CLUB Andrey Dirgin said.

Many things will depend on how open the economy will be, he told ARKA News Agency in “Novosti” International Press Center today.

Dirgin is sure open traffic between Armenia and Turkey is needed.

“The economic and even the human logic of our life shows that business should smooth over some political problems a bit,” Dirgin said adding that both Yerevan and Ankara are currently making efforts to achieve this.

The political analyst also mentioned that freight traffic is to reduce Armenia’s dependence on the transit via Georgia. “This, no doubt, will have impact on price levels in the country,” Dirgin said.

Over the last two years a progress has been recorded in Armenia-Turkey reconciliation initiated by Armenian President Serzh Sargsyan over the last two years. On October 10 2009 Armenian and Turkish foreign ministers signed protocols about establishing diplomatic relations between the countries and developing bilateral relations. Yet Turkey has delayed ratification of the protocols many times under various pretexts, which made the Armenian President stop the process on April 22 2010.

In terms of UN human development index Armenia is a leader in Transcaucasia, yet the main factor in this relation is the access to medical and educational services, Dirgin said. He also mentioned that Georgian economy is dynamically developing today owing to direct foreign investments, transit payments and Baku-Tbilisi-Ceyhan oil pipeline with Baku-Ceyhan gas pipeline to come soon. –0–

spot_img

POPULAR

acbaSplit: Acba Bank launches a new payment service

Acba Bank has launched "acbaSplit," a service that allows customers to make purchases of up to 5 million Armenian drams (AMD) with the option to pay in installments.

Armenia to Contribute an Additional €8.2 Million to the Capital of the Black Sea Trade and Development Bank

Armenia will contribute an additional €8.2 million to the authorized capital of the Black Sea Trade and Development Bank (BSTDB).

25 years ago, three friends founded company PROFAL

25 years ago, three friends decided to establish the company PROFAL, which today stands as a leader in the production of aluminum doors, windows, and glass structures.

ARKA News Agency releases “Credit Organizations of Armenia” bulletin for Q3 2026

The ARKA news agency has released the latest issue of its quarterly financial and economic bulletin, "Credit Organizations of Armenia (Key Performance Indicators)," covering the third quarter of 2026.

Business loan pre-approval in five minutes — what did Unibank showcase in Gyumri?

Unibank showcased its financing and card payment solutions for small and medium-sized enterprises at the “Banks and Business in Gyumri” expo, organised at the initiative of the Union of Banks of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img