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Daily Archives: Aug 2, 2013

Average salary in Armenia’s finance sector rises 9.9% to AMD 339,608 in May 2013

Economy
The average nominal monthly salary in the highest-wage sectors of Armenia’s economy – finance and insurance – rose 9.9% in May 2013

Anelik Bank provides new preferences to ARCA Classic Careful Card holders

Banks
Anelik Bank has expanded the preferences of ArCA Classic Careful Card holders

Armenian government to discuss GDP growth per sector next week

Economy
Armenia’s premier suggested at a government meeting discussing economic growth per sector next week. The premier instructed to carry out analysis of GDP dynamics in all economic fields

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Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

Strong demand for mortgages and consumer loans keep interest rates high – Central Bank of Armenia

One of the phenomena faced by the Central Bank of Armenia is the huge demand for loan products, the regulator's head Martin Galstyan said at a press conference on Tuesday.

Armenia’s inflation in 2025 may approach lower threshold of target – Central Bank

The inflation target in Armenia for the current year is set at 3%, and by the end of 2025 it will most likely approach the lower limit, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday.

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