Mon, 30 June
31.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

2.2% year-on-year growth in Armenia’s financial sector services

YEREVAN, August 2. /ARKA/. Services in Armenia’s finance and insurance sectors totaled AMD 118.6 billion in Jan-June 2016 showing a 2.2 percent year-on-year growth.

According to the National Statistical Service of Armenia, services in the finance sector grew 4.9% in June 2016, compared with June 2015, to AMD 21.3 billion accounting for 20.3% of the total amount of the country’s all services.

Services in Armenia grew 8.3% in Jan-June 2016, compared with the same period a year earlier, to AMD 583 billion.

The second biggest service-providing segment is culture, entertainment and rest. Its services amounted to AMD 113.2 billion in Jan-June 2016 showing a 40.5% year-on-year growth.

The country’s information and communication sector faced a 0.2% decline to AMD 102.9 billion, while transport sector enjoyed a 22.8% growth to AMD 76.4 billion. ($1 – AMD 476.38).  –0—-

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenian banks  in 2024 increased profit by 61% to 363 billion drams – UBA

Armenia-based banks made a profit of 363 billion drams in 2024, an increase of about 137 billion drams, or 61%, compared to 2023,  Daniel Azatyan, the head of the Union of Banks of Armenia (UBA) told a press conference today.

ACBA Bank summarizes the results of 2024 (video)

ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

LATEST NEWS

spot_imgspot_imgspot_img