Tue, 29 July
29.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Central Bank: Independent rating agencies should be established in Armenia

YEREVAN, April 23. /ARKA/. Nerses Yeritsyan, deputy head of the Central Bank of Armenia, finds it necessary to create independent rating agencies in Armenia.

Speaking today at a news conference dedicated to the successful completion of the USAID-funded Partners for Financial Stability three-year project, he said that Armenia’s capital market has favorable grounds for growing, and establishment of such agencies will improve Armenia’s image.

Creation of rating agencies is one of objectives of the program, along with introduction of international financial standards in Armenia, creation of an export-crediting agency, improvement of the central bank’s ability to resist crises, improvement of accounting and auditing services and establishment of the central bank’s education and research center in Dilijan.

Yeritsyan said that rating agencies can be founded with participation of influential foreign companies or only by foreign companies. —0—-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img