Mon, 28 July
30.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia’s Central Bank stops rating Armavia and Valetta

YEREVAN, November 30. /ARKA/. Armenia’s Central Bank told ARKA Friday it had stopped rating two companies.

The first company is Armavia national air carrier. The rating was stopped on the request of the company. CBA rated Armavia C+ as of 23 July, 2010.

Moreover, CBA also stopped rating Valetta Ltd. on the company’s own request. CBA rated Valetta C- as of 25 February 2011.

Mikhail Bagdasarov, the owner of Armenia’s national air carrier Armavia, founded in 1996, has put the airline for sale. The company started facing the issues last year. Armenia’s main airport Zvartnots has several times suspended Armavia flights due to the company’s debts. In 2013 Armavia can lose the flight permit license.

Valetta Ltd. has been operating in Armenia since 1990. It focuses on commerce (export-import, wholesale-retail), fast-food (SFC), coffee and tea production, development of enterprises, which gain independent status afterwards. The structure united processing enterprises, restaurants, network of shops, household appliances import companies.

Armenia’s Central Bank first published the rating of the Armenian enterprises in September 2005. The rating contained 30 companies, of them 15 were highly rated.

CBA publishes the names of only those companies, which were highly rated. If the companies receive a low rating, CBA can publish their names only with their consent.—0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

 Law on Cryptoassets enters into force in Armenia

The Law on Cryptoassets entered into force on July 4, 2025, the press service of the Central Bank of Armenia reports.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

LATEST NEWS

spot_imgspot_imgspot_img