Mon, 30 June
31.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

3% year-on-year inflation recorded in Armenia in 1st Q 2013

YEREVAN, April 3. /ARKA/. Armenia has recorded a three-percent year-on-year inflation in the first quarter of this year, Gagik Minasyan, head of the National Assembly’s finance committee, said on Wednesday.

“This inflation rate doesn’t exceed the indicator projected in the 2013 government budget,” he said.
He also said that year-on-year inflation in March 2013 stood at 3.4%.
Minasyan said economic activity grew 8% in Jan-Feb 2013, compared with the same period a year earlier, and industry grew 16%.

He added that the agriculture showed 2.2% year-on-year growth in the first quarter of this year, while construction faced 8% decline.

In the 2013 government budget, inflation is projected at 4% (±1.5%) and GDP growth at 6.2%. —0—

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenian banks  in 2024 increased profit by 61% to 363 billion drams – UBA

Armenia-based banks made a profit of 363 billion drams in 2024, an increase of about 137 billion drams, or 61%, compared to 2023,  Daniel Azatyan, the head of the Union of Banks of Armenia (UBA) told a press conference today.

ACBA Bank summarizes the results of 2024 (video)

ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

LATEST NEWS

spot_imgspot_imgspot_img