Fri, 11 April
10.1 C
Yerevan
USD: 391.08 RUB: 4.60 EUR: 433.28 GEL: 141.95 GBP: 505.12
spot_img

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img