June inflation was 8.5% in Armenia

Economy

YEREVAN, July 20. /ARKA/. Inflation in June 2011 was registered on the level of 8.5% compared to the same period in 2010, Armenian National Statistic Service informs.

In June 2011 consumer prices reduced by 1.4%.

Growth of economic activeness was 2.3% compared to June 2010 and 9.6% – compared to May 2011.

According to state budget, inflation in Armenia in 2011 was planned on the level of 4% (±1.5%) and GDP growth – in the amount of 4.6%. –0—

spot_img

POPULAR

Banks

Unibank was a partner of the international forum “Yerevan Dialogue”

“Yerevan Dialogue 2026” forum held on May 5–6 brought together senior government representatives, private sector leaders, NGOs, academics, youth, and other stakeholders in the immediate aftermath of the European Political Community Summit in Yerevan.
Banks

The international chess tournament supported by IDBank has concluded

The Yerevan Spring ID Cup, organized with the support of IDBank, has successfully concluded.
Capital market

Armenia Shows Significant Progress in Using More Complex Financial Instruments – EBRD

Armenia is demonstrating significant progress and growing readiness to use more complex financial instruments, said Elisabetta Falcetti, the bank's Executive Director for Turkey and the Caucasus, in an interview with ARKA news agency.
Announces

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.
Banks

Armenia Central Bank Governor: Open Banking Will Strengthen Clients’ Position with Financial Institutions

The implementation of the Open Banking model in Armenia is aimed at expanding consumer options in their dealings with financial institutions, Martin Galstyan, Chairman of the Central Bank of Armenia, told reporters on the sidelines of the "SME Sector: Impact and Development Challenges" conference.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
EBRD lends €6.5 million to Armenia to help improve water supply and wastewater services
Next article
Areximbank-Gazprombank Group’s outstanding credit portfolio grows by 27% to 62.6 billion drams