Mon, 3 March
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Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
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Education lending by Armenia’s credit organizations hit over AMD 130.5 mln late October

YEREVAN, December 7. /ARKA/. Total loans allocated to education by Armenia’s credit organizations dropped 2% late October from September to nearly 130.5 million drams, according to the National Statistical Service of Armenia.

According to the data, AMD loans fell from September by 1.98%, and foreign currency loans- 12.6 million drams ( 2.2% down from September).

Lending to Armenia’s resident economy totaled 147.9 billion drams, which is 2.4% higher from September.

As of 30 October 2012 there are 32 commercial organizations in Armenia. ($1 – 407.09 drams).

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Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

New Armenian Formula VC II fund invests $30 mln in 40 tech startups with Armenian roots around the world

Armenian Formula VC fund announced the launch of Formula VC II fund on Thursday. 

Euro  down by 0.15 points to AMD 412.64

The average market exchange rate of the U.S. dollar to the Armenian dram on February 21, 2025, totaled AMD 394.41, down 0.9 points compared to February 20.

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