Armenian median monthly wage rises by 7.3% $297

YEREVAN, November 2, /ARKA/. Armenian National Statistical Service said the median monthly wage rose by 7.3% in 2010 September from 2009 September to 108,067 Drams, en equivalent of $297, €228 or 9,158 Russian rubles. It said in 2010 September the median wage rose by 2% from August, when it was 105, 948 Drams, which in turn was 7.3% more than in 2009 September.

As usual the highest median wage of 128,893 Drams was registered in the southern province of Syunik and the lowest wage of 72.615 Drams in central Aragatsotn province.

By economy sectors, the highest median wage of 259,617 Drams was boasted by financial and insurance sectors, which were followed by information and communication sector – 226, 442 Drams, mining sector -219,205 Drams, production and distribution of gas, electrical power and steam– 151,178 Drams, construction sector– 150, 459 Drams and government administration – 120, 929 Drams.

The lowest paid were culture and recreation sector workers– 61,742 Drams, agriculture and fishing industry workers– 67,785 Drams, public food catering workers – 68, 057 Drams, education sector workers– 72, 209 Drams, health and social security sectors – 72, 320 ($1 – 357.98 Drams). -0-

spot_img

POPULAR

Central Bank of Armenia: Sustainable and Sustainability-Linked Bond Market in Early Stages of Development

In its 2025 Sustainability Report, the Central Bank of Armenia notes that the sustainable and sustainability-linked bond market in the country is in its early stages of development.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (March 2–8)

The past week in the Armenian financial market was marked by the publication of macroeconomic data, capital market activity, and the continued regulatory adjustment of the payment infrastructure.

EDB forecasts consumer price growth in Armenia of 3.3% y/y by the end of this year

The EDB forecasts consumer price growth in Armenia of 3.3% y/y by the end of this year.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of March 10, 2026, increased by 0.12 points compared to March 9, reaching 377.41 drams.

LATEST NEWS

spot_imgspot_imgspot_img