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Monthly Archives: March, 2015

Private remittances to Armenia slash by 35.5 % in 2015 February

Economy
Private remittances sent to Armenia mainly by Armenian labor migrants via banks for non-commercial purposes slashed by 35.5 % in 2015 February when compared to 2014 February to $68.1 million

WB country manager for Armenia says proceeds from second issue of Eurobonds should be used to stimulate economy

Capital market
Proceeds raised from the second issue of Eurobonds should be used to stimulate the economy, World Bank country manager for Armenia Laura Bailey said today

Eurasian Development Bank intends to implement new investment projects in Armenia

Banks
The Eurasian Development Bank is now making necessary preparations for lending $220 million to Armenia and Kyrgyzstan for implementation of four investment projects, Dmitry Pankin

Transformation of foreign currency loans into dram loans may pose threat to Armenia’s banking sector – Chzmachyan

Banks
Samvel Chzmachyan, chairman of the Union of Banks of Armenia, finds it wrong to demand banks to convert the loans extended in foreign currencies into dram loans, especially by using administrative levers

World Bank to provide $52 mln to Armenia for power supply improvements

Banks
Executive directors of the World Bank approved today the $52 million loan for the Electricity Transmission Network Improvement Project (ETNIP) for Armenia, the WB website reports

ACBA-CREDIT AGRICOLE BANK supports conduct of Armenian genocide exhibition in Paris municipality

Banks
With the support from ACBA-CREDIT AGRICOLE BANK the Yerevan-based Genocide Museum-Institute will stage an updated exhibition in Paris Municipality. Entitled "Armenia 1915" the exhibition will be on display in the municipality from April 29 to July 4

Former head of Central Bank: Armenia may fail to repay its foreign liabilities

Economy
Armenia, with its present government reserves, may fail to repay its foreign liabilities, Bagrat Asatryan, former head of the central bank says in his ‘Armenia in Anticipation of New Crunch' analysis published in Chorrrord Ishkhanutyun Newspaper

Armenia’s Central Bank buys $1 million at NASDAQ OMX Armenia

Capital market
Armenia's Central Bank said today it had bought $1 million on March 23-29 at NASDAQ OMX Armenia stock exchange paying the average 472.08 drams per $1

Flocks of Iranian tourists help Armenian dram regain a little, newspaper

Exchange market
The influx of Iranian tourists, who arrive in Armenia in late March to celebrate the Iranian New Year-Nowruz- has helped the Armenian national currency, the dram, to regain its value a little, according to Armenian newspaper "168 Hours" (168 hours)

Nearly $23.65 mln traded at NASDAQ OMX Armenia stock exchange last week

Capital market
The Central Bank of Armenia said nearly $23.65 mln was traded at NASDAQ OMX Armenia stock exchange from March 23 to 27, 2015

Armenia’s commercial banks purchase about $89.6 mln at intra-banking forex market last week

Banks
Armenian commercial banks purchased about $89.6 mln at a weighted average rate of 473.07 drams per $1 in intra-banking foreign exchange market on March 23 to 27, the press service of the Central Bank reported

Former premier strongly opposed to replenishment of Armenia’s Government reserves with eurobond placement money

Capital market
Hrant Bagratyan, a former Armenian prime minister, finds it wrong to fill the government reserves with the money received from placement of Eurobonds
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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

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.

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