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Economic activity in Armenia increased by 2.3% in June

YEREVAN, July 20. /ARKA/. Economic activity in June 2011 increased by 2.3% compared with June 2010, Armenian National Statistic Service informs.

Economic activity in June 2011 was 9.6% compared with May 2011.

In difference with GDP indicator, the indicator of economic growth is calculated by the volumes of the types of economic activity and not on the basis of volumes of the added cost. It doesn’t’t contain net income of production and indirectly calculated financial intermediary services.  –0—

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

ADB invested $132 million in Armenia in 2024 and approved financing for  two projects in 2025 worth $307 million

The Asian Development Bank (ADB) invested $132 million in Armenia in 2024, of which $96.7 million was invested in the public sector, $30 million in private sector projects, and $5.3 million in technical assistance, Narine Mehrabyan, ADB Public Relations and Communications Officer, told ARKA.

Euro exchange rate rises by 0.91 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 26, 2025, amounted to 393.51 drams, down 0.04 points compared to February 25.

UBA chairman explains why loan interest rates haven’t dropped despite refinancing rate cuts

Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), was asked why interest rates on loans have not decreased after the Central Bank reduced the refinancing rate.

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

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