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Daily Archives: Apr 4, 2013

IFC helps Armenia’s Inecobank support micro and small businesses spurring their growth

Banks admin -
Using a results-focused financing tool, IFC, a member of the World Bank Group, has helped Armenia’s Inecobank increase lending to micro and small businesses, sparking economic growth and cutting poverty in rural areas, Inecobank said in a press release today

Russian Central Bank executive urges high-level officials to buy russian securities

Banks admin -
Russia’s high-ranking officials should buy the stocks of Russian companies to support the domestic equity market, Central Bank Deputy Chairman Sergei Shvetsov said on Thursday, RIA Novosti reported

ECB leaves refinancing rate at 0.75 percent

Banks admin -
The European Central Bank's Governing Council decided at its monthly monetary policy meeting Thursday to leave its key refinancing rate unchanged at 0.75%, RIA Novosti reported

Armenia’s inflation at 2.5% in Jan-Feb, with cis average inflation level at 1.4%

Economy admin -
2.5% inflation is recorded in Armenia in January-February, as compared to the same period of 2012, with an average inflation in CIS being at 1.4%, the CIS Statistical Committee reported

Asian markets slightly low on Wednesday while Japan soars ahead of BoJ, fxstreet reported

Capital market admin -
One day ahead of the BoJ meeting, Japan’s Nikkei Stock Average finally moves higher, jumping by +2.64% before a much expected announcement by new Governor Kuroda that is forecasted not only to engage in a more dovish approach but also to switch to different policy tools

Dollar falls broadly as U.S. jobs data weighs, Reuters reported

Banks admin -
The dollar fell across the board on Wednesday after a report showed the U.S. private sector created fewer jobs than expected last month

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Unibank opens new branch in Malatya-Sebastia district of Yerevan

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Unibank's branch ‘Zoravar Andranik’ has started servicing clients, the bank's press service reported.

Euro depreciates by 0.86 points to AMD 409.45

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The average market exchange rate of the US dollar to the Armenian dram on January 16, 2025, amounted to 398.1 drams, having increased by 0.01 points compared to January 15.

Armenia extends program of subsidizing interest rates on loans for grape purchase by six months

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Today, the Armenian government extended by six months the state program of subsidizing interest rates on loans issued to farms for the purchase of grapes.

“Shoonch”: high-quality water and freshness in every drop

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The production of the Armenian water brand "Shoonch" began about two years ago. In developing the brand name and bottle design, the founders of Shoonch studied global market trends, creating a product that is poised to establish its presence in the international market.

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