Armenia’s financial supervision inspectorate restores 2.3bln drams in 2013

YEREVAN, January 17. /ARKA/. The supervision inspectorate of Armenia’s ministry of finance restored and re-documented 2.3 billion drams as a result of inspections in 2013, as compared to 1.1 billion drams in 2012, the head of the inspectorate Sona Gharibyan reported Friday.

“We carried out less inspections this year than in 2012, but restored higher amount than last year, as inspections were initiated mainly in risky fields”, she told reporters Friday.

A total of 85 inspections and studies were carried out, including 29 check-ups under a premier-approved annual program, 27 inspections requested by law-enforcement agencies, 9 inspections and 20 studies instructed by the premier, according to the report.

Gharibyan said last year six cases were transferred to the Prosecutor General office, where criminal proceeding was instituted on five of them.–0–

spot_img

POPULAR

An increase in refinancing rate will not necessarily lead to higher loan prices: Head of Central Bank

An increase in the refinancing rate does not necessarily mean higher loan prices, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Armenian Ministry of Finance developing a comprehensive framework for issuing thematic bonds

The Armenian Ministry of Finance is developing a comprehensive framework for issuing thematic bonds in domestic and international capital markets.

Armenia plans to significantly increase capital expenditure on infrastructure — Ministry of Finance

Armenian Finance Minister Vahe Hovhannisyan and Asian Development Bank (ADB) Vice President Wempi Saputra discussed prospects for expanding cooperation, including in infrastructure investment and promoting the export of Armenian products.

Euro and ruble rose against the Armenian dram, while the dollar weakened: Central Bank of Armenia

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, decreased by 0.16 points to 360.14 drams on October 29, 2026, compared to October 28.

Armenia’s corporate bond market could double over five years – head of CUBE Invest

Armenia’s corporate bond market is entering a new stage of development, expanding opportunities for businesses to secure financing while offering investors an alternative to bank deposits.

LATEST NEWS

spot_imgspot_imgspot_img