Daily Archives: May 16, 2013

Some 5 billion drams worth transactions made outside Armenia by using banking cards

The total amount of transactions made in 2013 March by using all types of banking cards issued by Armenian banks outside the country surged by 26.5 percent from the previous month of February to about 5 billion drams, the Central Bank of Armenia said in its monthly bulletin for March

Armenia to attract cheap funds through eurobonds if preferential lending not available

By issuing foreign currency-denominated bonds Armenia will have an opportunity to attract some cheap funds amid the slash in preferential lending, Finance Minister David Sargsyan implies

Armenia’s gross international reserves reduce 9.3% to $1 631.2 million in 1st Q 2013

Armenia’s gross international reserves totaled $1,631,218,357.35 by the end of the first quarter 2013 after shrinking 9.3% over the quarter

Armenia set to issue foreign currency-denominated bonds

The Armenian government on Thursday approved the concept for issuing foreign currency-denominated bonds

IMF board oks Cyprus loan, warns of risks: Reuters

The International Monetary Fund's executive board approved a $1.3 billion (853.7 million pounds), three-year loan to Cyprus on Wednesda