Tue, 24 February
5.1 C
Yerevan
USD: 376.97 RUB: 4.91 EUR: 444.71 GEL: 140.91 GBP: 509.10

Armenian PM instructs to reveal inner resources to face new financial crisis wave

YEREVAN, October 25. /ARKA/. Armenia’s Prime Minister Tigran Sargsyan emphasized the necessity of revealing inner resources to face new wave of the financial and economic crisis.
The research showed the global economy will face new challenges in 2013-2014, he said at the Cabinet meeting on Thursday.

“If up to now we were witnessing economic crisis and deterioration of the principal economic indicators in the developed countries, it becomes obvious now, that the new crisis will expand over the states with developing economies as well, and the crisis situation will continue  in 2013 as well. That is why it is very important to reveal the inner resources, and the new program of the government is based on this principle. —0–

spot_img

POPULAR

Acba Bank places 10 billion dram-denominated bonds

Acba Bank has begun placing coupon-bearing book-entry bonds through a public offering for a total of 10,000,000,000 (ten billion) drams, the bank's press service reported.

Head of the Union of Banks of Armenia named the riskiest lending sectors

Daniel Azatyan, the head of the Union of Banks of Armenia, identified mortgage and consumer lending as areas that require attention in the context of the risk of credit market overheating.

VTB (Armenia) Opens Renovated Office in Ashtarak

A renovated VTB (Armenia) office has officially opened in Ashtarak. The ceremony was graced by the presence of the bank's management, partners, clients, and special guests from regional branches.

S&P Global Ratings Improves Armenia’s Rating Outlook to Positive

On February 20, S&P Global Ratings revised its outlook on Armenia from stable to positive, affirming its long-term and short-term foreign and local currency sovereign credit ratings at 'BB-/B'.

Armenian banks’ loan portfolio reached AMD 7.9 trillion in 2025 – Union of Banks of Armenia

The loan portfolio of Armenia's banking system increased to AMD 7.9 trillion by the end of 2025 from AMD 6.4 trillion in the same period of 2024, stated Daniel Azatyan, head of the Union of Banks of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img