Armenia’s finance and insurance companies boast highest gross median monthly salary

YEREVAN, December 3. / ARKA /. Armenia’s finance and insurance companies boasted the highest median gross monthly salary in September 2014 – 353,383 drams- a 1.7 percent rise form the same time span in 2013, according to the latest numbers, released today by the National Statistical Service (NSS).

The second and third highest gross monthly salaries were reported by IT and communications companies -329,600 drams and the mining industry -320,100 drams.

According to the NSS, the lowest paid sectors were services -about 108,000 drams, culture, entertainment and recreation – 110,500 drams, hotels and catering – about 110,900 drams, education – 110,900 drams, agriculture, forestry and fisheries -113,500 drams.

In September 2014 the median gross salary in the country was 172,347 drams, or about 0.8% more than in August and 8.6% more than in 2013 September.

The highest median gross monthly salary in September 2014 was in the southern Syunik region, which is home to many mining companies – about 201,000 drams, while the lowest-paid jobs were in central Aragatsotn region – about 120,400 drams.

In Yerevan, the average gross wage in September was about 187,500 drams. According to preliminary estimates of the NSS, the average gross monthly salary in October 2014 was 173,552 drams ($423s or 17,338 Russian rubles), which was 0.7% more than in September. ($ 1 – 442.33 drams). – 0-

spot_img

POPULAR

Central Bank of Armenia maintains the refinancing rate at 6.5%

At its meeting on March 17, the Board of the Central Bank of Armenia maintained the refinancing rate at 6.50% for the third consecutive time.

Tokenization could change the investment philosophy in Armenia – expert

Tokenization is a serious mechanism that could change the investment philosophy in Armenia, noted Felix Vartanov, CEO and shareholder of the investment and holding company BlackRiver Capital (Dubai).

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

A 10% or 15% cashback: Acba Leasing’s offer for businesses

In Armenia, green investments are gradually becoming not an alternative, but a strategic choice.

LATEST NEWS

spot_imgspot_imgspot_img