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Armenia’s total public debt drops by 9.2 percent in October to $4/6 billion

YEREVAN, November 29. / ARKA /. Armenia’s total public debt dropped to $4.564.1 billion on October 31, down 9.2% or $466.3 million from the previous month, according to the National Statistical Service (NSS).

According to the NSS data, the foreign debt decreased by 10.4 % or $454.8 million to $3. 886.9 billion.

About $3.327.9 billion of the external debt was owed by the government. It decreased by 12.1 % or $459 million. Of external debt $559 million were owed by the Central Bank, a 0.7% rise form the previous month.

The domestic debt dropped by 1.6 percent or $11.4 million from September to $677.2 million. Of that amount about $664 million were government bonds purchased by residents; $10 million were trade credits and $2.52 million – domestic guarantees. ($ 1 – 403.92 drams). -0-

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Insurance market of Armenia is in embryonic state

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In 2025, income tax refund will not exceed 100 billion drams – SRC head

In 2025, the income tax refund will amount to 100 billion drams - approximately 95 billion drams, said Chairman of the State Revenue Committee of Armenia Eduard Hakobyan.

Armenia hosts the largest wine festival in the region for the fifth time with the support of Acba Bank (VIDEO)

For the fifth time, with the support of Acba Bank, Yerevan is hosting the most anticipated event of the first week of June — the Yerevan Wine Days festival, which tells the world about the unique and thousand-year-old traditions of Armenian winemaking, the bank’s press service reports.

Investment opportunities in Armenia discussed by Finance Minister and new ADB President

YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.

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