Tue, 12 August
33.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian Premier Views Macroeconomic Stability Important In Struggle Against Crisis

YEREVAN, October 19. /ARKA/. Armenian Prime Minister Tigran Sargsyan thinks the government, first of all, should ensure microeconomic stability, keep watch on budget deficit and foreign debt controllability as well as attract additional financial resources to ward off the double-dip crisis.

At his meeting with students and professors at Saint Petersburg State University of Economics and Finance, he said that Armenian government is guided by this logic in its anti-crisis policy.

“Working groups at the Commonwealth of Independent States come up with additional proposals on how to resist adverse development in our economies by joint efforts,” Armenian government’s press office quoted him as saying.

The premier also said that the agreement signed Tuesday at CIS prime-ministerial meeting to establish a free trade zone would contribute to mitigation and prevention of possible strikes of the global crisis as well.

The agreement implies simplification of legal ground for trade and economic relations among CIS member countries. It also implies replacement of some multilateral and about 100 bilateral documents regulating free trade regime in the Commonwealth’s territory.

Commenting on his Russian counterpart Vladimir Putin’s proposal to establish Eurasian union on the post-soviet space, Sargsyan said that Armenia finds it a forward-looking and timely proposal.-0—

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Market capitalization in July increased by 45.3% year-on-year, exceeding 463 billion drams – Armenia Stock Exchange

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

Armenian Central Bank  developing mechanisms for insurance and combating financial fraud

Armenia's Central Bank is developing a set of tools to combat financial and cyber fraud, the deputy chairman of the Central Bank Armen Nurbekyan said at a press conference on Tuesday.

Net inflow of money transfers to Armenia from abroad decreased by 1.3% in half-year

The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, in January-June 2025 amounted to $587.6 million against $595.4 million in January-June 2024, according to the report of the Central Bank of the Republic.

Deputy Prime Minister discusses cooperation prospects with new head of WB Armenia office

Armenian Deputy Prime Minister Tigran Khachatryan received World Bank Regional Director for the South Caucasus Rolande Pryce and newly appointed head of the WB Armenia office Fabrizio Zarcone, the government press service reported.

LATEST NEWS

spot_imgspot_imgspot_img