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Daily Archives: Nov 12, 2012

Gold price ups in Armenia

The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for this week. The new prices are for one gram of chemically pure metals

Armenian banks lending to agriculture contracts by 10 percent in third quarter

Lending to agriculture by Armenian banks in the third quarter of 2012 contracted by 10.3 percent from the previous quarter, to about 84.8 billion drams, according to their interim financial statements for the third quarter

Armenian banking system’s average profit per full-time employee in quarter three was about 2. 7 million drams

Armenia’s banking system’s average profit per full-time employee in the third quarter of 2012 was about 2. 7 million drams (around $6,600), according to findings of an analysis made by ARKA news based on interim financial reports of 21 Armenia-based banks

Armenian banks’ lending to private companies increase by 0.03 percent to 918 billion drams

Armenian banks’ lending to private companies increased by 0.03 percent in the third quarter from the second quarter to about 918.6 billion drams, according to banks’ interim report

Armenia’s Central Bank auctions 1.5 billion drams short-term government treasury bonds

Armenia’s Central Bank said Monday it has auctioned 1.5 billion drams worth short-term government treasury bonds of AMGT26135135 issue

Armenia: Currency market review for November 5-9

Last week the value of U.S. dollar at NASDAQ OMX Armenia stock exchange rose by 1.07% to 409.72 drams with weekly trading totaling $7.21 million

BRICS EYE forex reserves pool of up to $240 billion

Leading emerging market countries are discussing pooling up to $240 billion in foreign exchange reserves to protect themselves from short-term liquidity pressures

Market metals: gold quotes climb, copper prices fall

Last week gold saw rise in prices amid physical demand rally and political events in the USA and China that drove the investors to report

Ex duma member Yeghiazaryan suspected of 720mln ruble laundering case

Chief Investigation Directorate of Russian Investigative Committe has built another criminal case against former Russian State Duma deputy Ashot Yeghiazaryan

Total of $7.2 mln traded at NASDAQ OMX ARMENIA stock exchange last week

The Central Bank of Armenia said Monday a total of $7.2 million were traded at NASDAQ OMX Armenia stock exchange from 5 to 9 November, which is 9.4 percent down from a week earlier

Arab Spring economies to recover slowly in 2013-IMF

Most economies hit by the Arab Spring uprisings will recover slowly next year, grappling with high inflation and rising unemployment due to

Armenian Banks purchase over $77.7mln last week

Armenian commercial banks purchased more than 77.7mln dollars at an average weighted exchange rate of 407.15drams per USD