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

Euro ups against dram, while the dollar and ruble fall

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 17, 2026, decreased by 0.35 points compared to April 16, to 373.81 drams.

IMF Improves Armenia’s GDP Growth Forecast to 5.3% in 2026

The International Monetary Fund (IMF) forecasts real GDP growth for Armenia at 5.3% in 2026 and 5.5% in 2027, according to the April World Economic Outlook, published on April 14.

Central Bank of Armenia should be prepared to raise refinancing rate – IMF

The Central Bank of Armenia should be prepared to raise the refinancing rate as needed to return inflation to the target level amid rising inflationary pressures and heightened uncertainty, stated Alexander Timan, head of the IMF mission to Armenia.

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

Unibank Awarded Client Protection Certification by MFR

Unibank has been awarded the Client Protection Certification by MFR, a global rating agency, providing assessments, data and technical expertise for the sustainable finance industry.

LATEST NEWS

spot_imgspot_imgspot_img