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IVQ economy of eurozone downed 0.9%

YEREVAN, March 6. /ARKA/. Eurostat will publish the second assessment of the Eurozone’s 4Q GDP at 14:00 Moscow time.

The experts said the Eurozone economy has likely tumbled by 0.9%, and 0.6% within a year, Prime agency reported Wednesday.Later today, at 17:15 Moscow time, Automatic Data Processing, Inc. (ADP) will unveil the changed number of jobs in the U.S. private companies in February.

The analysts surveyed by dailyFX.com portal anticipate the number of jobs has risen by 170,000 from January’s 192,000. At 19:00 Moscow time, U.S. Census Bureau will report the statistics on industrial orders in the country per January. The analysts expect the number of orders to fall by 2.2% after 1.8% upturn a month earlier.

At 23:00 the U.S. Federal Reserve will publish a report on economic conditions in the 12 districts (The Beige Book).—0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

ADB invested $132 million in Armenia in 2024 and approved financing for  two projects in 2025 worth $307 million

The Asian Development Bank (ADB) invested $132 million in Armenia in 2024, of which $96.7 million was invested in the public sector, $30 million in private sector projects, and $5.3 million in technical assistance, Narine Mehrabyan, ADB Public Relations and Communications Officer, told ARKA.

Euro exchange rate rises by 0.91 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 26, 2025, amounted to 393.51 drams, down 0.04 points compared to February 25.

UBA chairman explains why loan interest rates haven’t dropped despite refinancing rate cuts

Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), was asked why interest rates on loans have not decreased after the Central Bank reduced the refinancing rate.

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

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