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

Shares of Noubar Afeyan’s Moderna soared 124% on news of a successful cancer vaccine trial

YEREVAN, August 20. /ARKA/. Shares of the biotech company Moderna soared 123.6% at the start of trading in the US on August 19, reaching a peak of $140.77, according to trading data. Shares of the pharmaceutical company Merck also rose 11.6% to $150.85, according to Forbes.ru.

Armenia set to enhance development of its capital market, targeting large issuers and new investors

YEREVAN, August 20. /ARKA/. The Armenian government prioritizes diversifying funding sources and advancing the capital market to foster sustainable and productive economic growth.

US dollar and ruble drop against Armenian dram      

YEREVAN, August 17. /ARKA/. The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market, fell by 0.32 points on August 17, 2026, compared to August 14, to 365.82 drams.

New requirements for banks to manage risks of circumventing international sanctions come into effect in Armenia

YEREVAN, August 17. /ARКА/. As of August 12, 2026, new regulations for banks regarding the management of risks associated with evading international sanctions have been implemented in Armenia.

Acba Bank has issued over 1 million cards, solidifying its leadership in Armenia

YEREVAN, August 17. /ARKA/. For more than five years, Acba Bank has held the top spot in the Armenian card market. As of May 2026, the total number of cards issued by the bank surpassed 1 million, as reported by the bank's press service.

LATEST NEWS

spot_imgspot_imgspot_img