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

Russian ruble exchange rate in Armenia exceeded 5 drams: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 13, 2026, increased by 0.01 points compared to May 12, reaching 368.63 drams.

IDBank supports the Opening Event of Wizz Air’s “Let’s Get Lost” Campaign

Participants of the latest edition of Wizz Air’s “Let’s Get Lost” campaign — travelers who boarded a flight without knowing their final destination — have arrived in Yerevan, Armenia.

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

State Revenue Committee of Armenia has identified violations in the cryptoasset sector

The State Revenue Committee of Armenia has identified a number of violations in the sphere of the purchase and sale of cryptoassets and the provision of related services, the agency reports.

LATEST NEWS

spot_imgspot_imgspot_img