Wed, 3 September
29.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Moody’s downgrades German, Dutch and Luxembourg economic outlook to negative

YEREVAN, July 24. /ARKA/. Ratings agency Moody’s has downgraded the economic outlooks in Germany Netherlands and Luxembourg from stable to negative, due to developments in the eurozone, Russian RIA Novosti reports Tuesday referring to France-Presse.
However the ratings of these countries remained at “Aaa” level.
The agency said it had downgraded ratings due to “rising uncertainty” around the debt crisis in the eurozone.

According to it, the possibility of Greece’s withdrawal from the eurozone is becoming more and more real, what, in turn, may strike heavily the other members, such as Italy and Spain.
Negative outlooks mean that the agency may downgrade the rating within the next 12-18 months. —0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Acba Bank and NABU partner to clean  2 km stretch of Lake Sevan of plastic (VIDEO)

As part of the Clean Future for Lake Sevan initiative, Acba Bank in partnership with the  German Nature And Biodiversity Conservation Union (NABU), is assisting in the cleanup of Armenia's largest water body from plastic and other debris, according to the bank's press service.

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.

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.

Armenia’s total public debt exceeds $13.8 billion

As of June 30, 2025, Armenia's total public debt amounted to $13,852,137 million, which is an increase of $116,520 million compared to May 31, 2025.

LATEST NEWS

spot_imgspot_imgspot_img