Mon, 16 June
23.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenia’s GDP in third quarter rises to 1.2 trillion drams

YEREVAN, December 4. / ARKA / According to preliminary data of Armenia’s National Statistical Service (ArmStat), the country’s GDP in the third quarter rose to 1.2 trillion drams from 878.8 billion drams in the previous quarter.

It said the agriculture, fishing and forestry sectors accounted for 29.6% of the third quarter GDP or 359.2 billion drams, the mining industry accounted for 2.7% or 32.2 billion drams, the manufacturing industry accounted for 7.8% or 94.3 billion drams, construction sector for 11% of GDP, or 133.5 billion drams, financial and insurance sectors accounted for 4% or 48.7 billion drams, wholesale and retail trade for 11.7% GDP or 141.3 billion drams.

According to the statistics, per capita GDP at the end of September 2012 amounted to more than 369 thousand drams (or$ 900, 719 euros). ($ 1 – 407.16 drams). -0-

spot_img

POPULAR

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Central Bank leaves refinancing rate unchanged taking into account high uncertainty in US economic policy

The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as  the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and  a possible  weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.

Technological Gaps and Lack of Open Banking Stalling Armenia’s Investment Market- Director of Sirius Capital

The technological underdevelopment of the stock exchange and the lack of open banking are hindering the development of the investment market in Armenia, says Ararat Mkrtchyan, executive director and managing member of the investment company Sirius Capital.

Investment opportunities in Armenia discussed by Finance Minister and new ADB President

YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.

Central Bank of Armenia recommends banks to freeze credit obligations with signs of fraud – Galstyan

As a solution to the problem of growing financial fraud, the Central Bank of Armenia has recommended banks to freeze all credit obligations that have signs of fraud, said Martin Galstyan, head of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img