Sun, 12 October
9.1 C
Yerevan
USD: 382.68 RUB: 4.71 EUR: 442.80 GEL: 141.21 GBP: 507.66

Armenia’s sovereign debt stands at $4.37 bln in 2012: Finance Ministry

YEREVAN, December 24. /ARKA/. Armenia’s sovereign debt stands at $4 billion 374.9 million in 2012, Finance Minister Vache Gabrielyan said at a press conference on Monday.

The government debt will account for $3 billion 780 million versus $3 billion 511 million in 2011.
Foreign debt will stand at $3 billion 159 million against 2 billion 950 million last year.

“Foreign debt/ GDP ratio was 30.1% last year, and this year it hit 31.1%”, he said adding that in 2013 this figure is not expected to change.

According to the National Statistical Service of Armenia, the sovereign debt rose by 4.8% from early this year ( or by $172.6 million) to over $3,740.8 million as of late September, and domestic debt accounted for 233.3 billion drams, which was 7.9% higher from December 30, 2011. ($1 – 404.75 drams).—0-

spot_img

POPULAR

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img