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Monthly Archives: April, 2016

Armenia’s state budget deficit grew to 31.35 billion drams in first quarter of 2016

In the first quarter of 2016 Armenia's state budget deficit grew to 31.35 billion drams from 14.5 billion drams in the same period of 2015, according to the National Statistical Service (NSS)

Armenia’s total public debt grew by 1.5% in march to $5.196.1 billion

At the end of March, 2016 Armenia's total public debt stood at $5.196.1 billion, an increase of 1.5% compared to February

Monetary base of Armenia in March decreased by 0.8% to 849.8 billion drams

Armenia’s monetary base in March 2016 decreased by 0.8% when compared to February to about 849.8 billion drams, the National Statistical Service (NSS) said citing preliminary data of the Central Bank

Brain Ring financial and economic quiz won by team from Ararat province

A team from Ararat province has won Brain Ring financial and economic quiz, organized by the Central Bank of Armenia and Armenian Youth Achievements NGO

Areximbanks – Gazprombank Group visits provincial schools as part of financial awareness enhancement campaign

Employees at Areximbanks – Gazprombank Group CJSC have toured schools of Armavir province’s Noravan and Lukashin communities and provided open lessons ‘Armenia’s Financial System’ as part of 'My Finance Month 2016' campaign

ARKA News Agency becomes 20 years old

Dear friends, on May 1, ARKA news agency will celebrate its 20th anniversary. After two decades of operation ARKA has become an integral part of the Armenian journalism landscape

Armenian insurance companies pay about 500 million drams in taxes for quarter one

The list of the 1000 largest Armenian corporate taxpayers in the first quarter of 2016 includes all six insurance companies operating in the country which paid a total of 499 million drams in various taxes

World bank approves US$30 million loan for power sector financial recovery program-for-results (pforr) for Armenia

The World Bank Board of Executive Directors approved April 27 a US$30 million loan for the Power Sector Financial Recovery Program-for-Results (PforR) for Armenia

Armenian banks’ taxes for quarter one down

The list of the 1000 largest corporate Armenian taxpayers for the first quarter of 2016 includes all the local commercial banks, which paid a total of 9.32 billion drams in various taxes

AMD 173 billion invested in processing industry by Armenia’s commercial banks in February 2016

Armenia’s commercial banks invested AMD 173 billion in processing industry in February 2016 showing a 1.46% month-on-month growth, the Central Bank of Armenia reports in a fresh issue of its monthly bulletin

About $730 million of unknown origin has come to Armenia from offshore zones as investments – MP

About $730 million of unknown origin has come to Armenia from offshore zones, Heghine Bisharyan, head of Orinats Yerkir party's faction in the National Assembly, said Wednesday at a Q&A session in the parliament

U.S. dollar drops by 0.11 percentage points over Armenian dram

The average market value of US dollar has dropped today by 0.11 percentage points over the Armenian national currency from April 26 to 479.38 drams, the Central Bank said