Sun, 24 August
29.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Premier: Armenian government to make every effort to curb inflation

YEREVAN, January 18. /ARKA/. The Armenian government will do whatever necessary to curb inflation, Armenian Prime Minister Tigran Sargsyan said on Tuesday.

He told journalists that the country’s authorities would concentrate their efforts on implementation of agricultural reforms, since certain factors struck hard at the agriculture sector in 2010.

The challenges the country’s agriculture faced in 2010 had an adverse impact on macroeconomic indicators and triggered inflation, prompting widespread displeasure among ordinary people.

The prime minister stressed that if things in the agriculture sector are put right in 2011, inflation will subside.

Earlier, Arthur Javadyan, chairman of the Central Bank of Armenia, projected 9.5% inflation for 2010.

In the 2011 government budget, inflation in Armenia is projected at 4% (±1.5%).

According to official statistical reports, Armenia’s agriculture faced 14.5% year-on-year decline in Jan-Nov 2010.-0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

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.

LATEST NEWS

spot_imgspot_imgspot_img