Training and research center of Armenian Central bank to open in 2013

YEREVAN, November 28. /ARKA/. During a Saturday visit to Tavush province Armenian President Serzh Sargsyan visited the construction site of the Dilijan Training and Research Center of the RA Central Bank, the presidential press service told ARKA.

It said the president was informed on the works conducted so far, construction process and floor designs. It was noted that the main objective of creating the Dilijan Training and Research Center is the establishment of a modern institute equipped with contemporary technical devises and based on the latest technologies. Regional and international conferences related to the economic and financial areas can be held here, as well as educational programs, which will allow the staff of the Central Bank to retrain, can be conducted. The Center will be also providing opportunities to conduct a multifaceted research related to the economic and financial areas. It is also planned to create new modern databases, which will become an additional incentive for the Armenian and international researchers who are engaged in practical works related to the Armenian economy.

The Center will provide space for commercial banks, ArCa processing center, ACRA credit and APPA bureaus while these entities will have the opportunity to establish storage for backup databases. The Center will also have a regional branch of a saving bank which will serve the regional financial organizations.
The total area of the Center is 29000 m2. The compound consists of two units: main and technical. The Center is scheduled to open in January 2013.

A residential building for the employees of the RA Central Bank is also under construction at the Dilijan Training and Research Center. It will comprise 64 apartments provided by the employer, with the living space totaling to 6290 m2. A kindergarten and commercial spaces situated at the first floor of the apartment building will provide services to the residents of Dilijan town. The former library of Dilijan is also being renovated by the RA Central Bank. The Bank is planning also to create here a modern Knowledge for Development Center.  -0-

spot_img

POPULAR

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

LATEST NEWS

spot_imgspot_imgspot_img