Mon, 16 June
27.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Tariffs for cargo transportation of SCR in 2012 to reduce by 9%

YEREVAN, December 7. /ARKA/. Refinancing rate of Central Bank of Armenia which is now 8% should be gradually decreased, considers the Head of Union of Domestic Commodity Manufacturers of Armenia Vazgen Safaryan.

CBA Board on December 6 adopted decision on keeping refinancing rate on the level of 8%. CBA noted the lack of inflation pressures in Armenia coming from global economy, and expects that under the conditions of assumed delay of worldwide price increase, prices of raw-material and food commodity markets will not change significantly.

“Banking percent rates formed in the internal market should promote export”, he said.

Average credit rates provided in the industrial sphere, should not exceed 8-9%.

According to CBA data, average percent rate of credits provided in the industrial sphere was 17.9% in October.

Safaryan considers that national currency should be devalued against USD which also promotes export.

New strategy of export-oriented industrial policy for 2012-2020 developed by the group of experts assigned by the World Bank and with the assistance of the Economy Ministry, was presented on December 4 by the Government of Armenia. It is targeted at the establishment of the developed industrial system for export promotion which, in its turn, will become an incentive for the production of goods corresponding international standards, expansion of foreign markets and creation of new job places. –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia’s banking system dominates the financial system’s asset structure with a share of 83% and an indicator of 11 trillion drams – head of...

The assets of the banking system continue to make up the overwhelming majority of the financial system's assets - about 83%, or about 11 trillion drams, said the head of the Central Bank of the republic Martin Galstyan, presenting a report on financial stability for the past year.

Modern French language class opened in Mastara village school with the support of the Stepan Gishyan Foundation

Students of the Mastara village school in Aragatsotn region now have the opportunity to study French in a fully equipped classroom equipped with all the multimedia capabilities, the press service of Acba Bank reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Digital dram to be one of the items on the analytical agenda in Armenia – Central Bank Chairman

The digital dram will be one of the items on the analytical agenda in Armenia, said Martin Galstyan, Chairman of the Central Bank of the Republic.

LATEST NEWS

spot_imgspot_imgspot_img