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Daily Archives: Apr 6, 2011

ARF Parliament member blames Central Bank for high inflation rate

An Armenian parliament member from the opposition Armenian Revolutionary Federation/Dashnaktsutyun (ARF) party blamed the Central Bank for high inflation rate that is twice the target level.

Armenia’s international gross reserves in 20011 February contract by 1.5%

Armenia’s international gross reserves in 2011 February contracted by 1.5% or $27.1 million from January to a total of 1.789.9 billion.

Agriculture still risky sector for banks: chairman

Ashot Osipyan, the chairman of the Union of Armenian Banks, said today the agriculture is one of the most risky sectors with specific risky factors which are impossible to evaluate, for example, climate-caused risks and this is a reason raising the cost of agricultural loans.

Opposition MP: bank credits in agriculture sphere are small

Banking resources for crediting agriculture sphere in Armenia are not used optimally, MP of opposition faction “Dashnaktsutyun” Artsvik Minasyan considers.

Opposition MP: tendencies of development of financial market in Armenia is dangerous for its consistency

Today financial market is not developed and consistent in Armenia, MP of opposition faction “Dashnaktsutyun” Artsvik Minasyan considers.

EurAsEs fund discusses the application of Armenia for funding of the projects

Anti-crisis fund EurAsEs discusses the applications of five participant-states for funding of the projects in the amount of 4.7 billion dollars.

Union of Banks of Armenia: low rate credit program in agriculture to be effective

Government program on the provision of low rate credits in agriculture will be effective.