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

Euro gains against dollar on Euro zone industry statistics

YEREVAN, June 13. /ARKA/. Euro gained versus dollar at the end of trading day Wednesday on released Euro zone industry production statistics for April that was better than experts’ expectations, banki.ru reported.

Euro rose to 1.3337 dollars per euro from 1.3313 dollars Tuesday. Yen rate versus dollar changed slightly to 96.01, compared to 96.02 the day before.

Euro zone industry production rose by 0.4% in April against March and dropped by 0.6% in yearly terms. Analysts expected the month-to-month level would not change and industry production would shrink by 1.2% compared to April last year.

The statistics inspires hopes that considerable improvement will take place in the sector in the second quarter, chief UK and Europe economist of IHS Global Insight Howard Archer told Bloomberg.–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

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

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.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

LATEST NEWS

spot_imgspot_imgspot_img