Daily Archives: Mar 16, 2011

Armenian Central Bank placed state (treasury) long-term coupon bonds in the amount of 500 million drams

On March 16 Armenian Central Bank placed 10-year AMGВ10072186 long-term state treasury coupon bonds in the amount of 500 million drams.

Armenian Finance Ministry placed mid-term coupon bonds in the amount of 500 million drams

On Wednesday Armenian Finance Ministry placed AMGN36265126 mid-term state treasury coupon bonds in the amount of 500 million drams.

Bank VTB (Armenia) signs $20 million credit agreement with Mika Group

Russian-owned Bank VTB (Armenia) has opened a credit-documentary limit for Armenian Mika Group of companies in the amount of $20 million as part of its corporate business fostering strategy.

Survey finds Armenian financiers optimistic about 2011 prospects

Armenian financiers appear to be quite optimistic about their prospects in 2011, according to findings of a survey conducted by ARKA news agency among local banks, crediting organizations and insurance companies.

Armenian expert says Central Bank and government have sufficient instruments to half inflation

Tatul Manaserian, head of ‘Alternative’ think-tank, argued today that the Central Bank of Armenia (CBA) and the government have sufficient instruments not only to half the inflation but bring it even to a lower level.

Alternative think-tank says effective economic policy required to solve very serious problems

Tatul Manaserian, head of ‘Alternative’ think-tank, said today to resolve a set of very serious problems the Armenian authorities should develop an effective economic policy.

Insurance companies pay 500 million drams in car insurance payments

Armenian insurance companies have paid over 500 million Drams in car insurance payments since the start of the year.

HSBC Bank Armenia named “Best Foreign Exchange Provider” in Armenia by Global Finance magazine

HSBC Bank Armenia cjsc was named the "Best Foreign Exchange Provider" in Armenia by Global Finance magazine (New York) in the category "World's Best Foreign Exchange Providers 2011.

About 83% of car owners in Armenia buy mandatory car insurances

About 83% of automobile owners in Armenia have bought mandatory car insurances.