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Daily Archives: Mar 15, 2013

US consumer confidence index drops to 71.8 in early March

U.S. consumer sentiment tumbled to its lowest since December 2011 in early March, hit by dissatisfaction with government economic policies and as fewer Americans expected to see improvements in growth or the labor market, RBC reported citing a survey released on Friday

Assets of Armenian investment companies in January 2013 increase by 5% to 24.8 billion drams

The assets of Armenian investment companies in January 2013 increased by 5% compared to December 2012, amounting to 24.8 billion drams, according to the monthly bulletin of the Central Bank of Armenia. The total capital of investment companies dropped by 0.8 percent from 2012 December to 3.8 billion drams

Expert: Armenia should work out its own rating methodology for assessing risks

Armenia should work out its own rating methodology, which will serve as basis for assessing risks, Tatul Manaseryan, an economist and the head of the Alternative think tank, said Friday at a news conference

Araratbank named best member of NASDAQ OMX Armenia stock exchange in 2012

Armenian Araratbank was named today by NASDAQ OMX Armenia stock exchange as its best member in 2012. It was the third award ceremony of the stock exchange

Rational use of resources may put Armenia to 10-11% GDP growth in 2013 : Expert

Armenia may post 10-11% GDP growth in 2013 applying to an effective use of resources, Alternative Center director Tatul Manaseryan told reporters on Friday

Armenian regulator’s net internal assets shrink 4.7% to AMD 252.8 billion in Jan 2013

The net internal assets of the Central Bank of Armenia shrank 4.7% in January 2013, compared with the previous month, to AMD 252.8 billion, the central bank says in its monthly review

Real effective exchange rate of AMD stood at 2.3% in January

Real effective exchange rate of the Armenian dram against foreign currencies stood at 2.3% in January 2013 compared to December 2012, according to the monthly news report of Armenia’s Central Bank

Foreign banks banned from opening branches in Russia now

President of Russia Vladimir Putin signed a bill banning foreign banks from opening their branches in Russia, PRIME agency reported Friday referring to the document

AMD to vary within 410-415 drams per $1 up to end-March : Expert

An average exchange rate of the Armenian dram will vary within 410-415 drams up to the end of March, Mikael Verdyan, GC FOREX CLUB analyst, commented to ARKA on forex market situation in the country