Thu, 11 September
14.1 C
Yerevan
USD: 382.49 RUB: 4.51 EUR: 447.51 GEL: 142.09 GBP: 517.74

Former Armenian premier: world plunged into permanent recessionary wave

YEREVAN, August 17. /ARKA/. The global financial and economic crisis has plunged the world into a permanent recessionary wave, Hrant Bagratyan, former Armenian prime minister, said Wednesday at a news conference.

“The 2008 crisis situation is not damped down yet,” he said. “There is no balance in the global economy. This crisis differs from past years’ traditional crises, which once came to an end.”

In his opinion, at least three European countries – France, with its zero economic growth at the second quarter, Great Britain and Germany, with their 0.1% economic growth – are close to crisis now.

Begratyan said that further spread of the crisis depends on the United States, which holds the world’s financial capital market in its hands. -0-

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Euro, dollar and ruble exchange rates drop against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram as of September 4, 2025, fell by 0.4 points compared to September 3 and amounted to 382.25 drams.

Net inflow of money transfers to Armenia from overseas down 5.5% over a period of 7 months

The net amount of private money transfers to Armenia via the banking system from abroad during January to July 2025 totaled $716.6 million, compared to $758.7 million during the same period in 2024, according to a report from the Central Bank.

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.

Market capitalization in August increased by 41.4% year-on-year to 460 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for August 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity.

LATEST NEWS

spot_imgspot_imgspot_img