3.6% inflation recorded in Armenia in November

YEREVAN, December 21. /ARKA/. An inflation rate of 3.6% was recorded in Armenia in November against the same month of 2011, the country’s national statistical service reported.

In the reporting month, consumer prices rose by 1.4% compared to October and by 2.5% compared to November 2011.

Economic activity grew by 5.5% in November 2012 against November 2011. Yet, economic activity dropped by 6.7% compared to the month before. Some 7.1% increase was recorded in economic activity in January-November, as compared to the same period of the year before.
Under the state budget, inflation is projected at 4% (±1.5%) and GDP growth at 4.2% for 2012. -0-

spot_img

POPULAR

IDBank to Showcase Environmental and Innovative Initiatives at COP17

Together with its partners, IDBank will participate in the 17th meeting of the Conference of the Parties to the UN Convention on Biological Diversity (COP17), where it will present a number of key initiatives focused on green transformation, digital ecosystems, and biodiversity conservation.

Armenia Seeks to Extend Cashback Program for Pensioners Through 2029

Armenia plans to extend a program offering a 20% cashback to pensioners on non-cash purchases made with bank cards until the end of 2029, according to the Ministry of Labor and Social Affairs of the Republic of Armenia.

Aggregate assets of Armenian banks grew by 20.82% to 14.46 trillion drams by the end of September 2026

As of September 30, 2026, the aggregate assets of Armenian banks reached 14.46 trillion drams, an increase of 20.82% compared to September 30, 2025, according to an operational bulletin from the ARKA news agency.

Armenian banks’ profit grew by 8.6% to 334.4 billion drams over 9 months

The aggregate after-tax profit of Armenian banks for the period from January to September 2026 reached 334.44 billion drams, compared to 307.87 billion drams for the same period in 2025.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (October 12–18)

Armenia’s financial agenda over the past week encompassed the development of the government securities market, regulatory changes for banking operations, cooperation with international financial institutions, and the subsidization of financing for energy storage systems.

LATEST NEWS

spot_imgspot_imgspot_img