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

EBRD’s AMD-denominated bonds listed on AMX; Converse Bank acted as underwriter

The AMD-denominated bonds issued by the European Bank for Reconstruction and Development (EBRD) have been listed on the Armenia Securities Exchange (AMX).

Armenia’s capital market still lags behind the economy’s real potential: Cube Invest’s CEO

The depth of Armenia's capital market still lags behind the country's real economic potential, said Mikael Margaryan, CEO of the investment company Cube Invest.

Deposits in Armenian commercial banks at the end of July amounted to approximately 8.3 trillion drams

Deposits in commercial banks in Armenia at the end of July 2026 amounted to 8,289,634 million drams, compared to 8,070,715 million drams in June. This is according to data from the Statistical Committee of the Republic.

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.06 points on September 8, 2026, compared to September 7, to 363.64 drams.

EDB forecasts inflation in Armenia at 4.4% by the end of 2026

Inflation in Armenia will reach 4.4% year-on-year by the end of 2026, according to the Eurasian Development Bank (EDB).

LATEST NEWS

spot_imgspot_imgspot_img