Sun, 7 September
27.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia’s economic activity index in first five months advances by 7.4%; CB says

YEREVAN, July 20 /ARKA/. Armenia’s economic activity in the first five months of 2012 advanced by 7.4% as opposed to the same time span in 2011, the Central Bank of Armenia said today in a press release.

“Economic activity growth over the first five months of this year exceeded expectations because of an increase in industrial output and services by 15% and 4.6% respectively,” the Bank said.
The Central Bank said also agricultural production in five months saw a 3.2% rise, while the construction sector posted an 8% decline.

The Central Bank said it believes the expected impact of economic developments on domestic prices will be more inflationary, as higher economic growth due to advanced growth of industrial and services sectors, will stimulate aggregate demand, as well as private consumption rate. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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

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

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

LATEST NEWS

spot_imgspot_imgspot_img