Sun, 28 September
17.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Armenia’s foreign trade deficit narrowed by $47.4 million to $228 million in 3rd Q 2016

YEREVAN, December 7. /ARKA/. Armenia’s foreign trade deficit has narrowed by $47.4 million over the third quarter of this year to $228 million as a result of the progressive increase of export indicator, the Central Bank of Armenia says in an inflation report included in its monetary policy performance report for the third quarter and its monetary policy project for the fourth quarter.

“In the period under review, the net inflow amount is similar to that of the same period a year before, which is due to stage-by-stage recovery of Russia’s economy and neutralization of adverse consequences of devaluation of the ruble,” the regulator says in its report.

Along with that, the deepening deficit of the current account in the 3rd Q 2016 had increased a great deal the negative balance of the current account investment income in the same period a year earlier.

Hence, a little current account negative payment balance amounting to $5 million was recorded in the 3rd Q 2016 against a $51.6-million surplus in the 3rd Q 2015.

According to the National Statistical Service, Armenia’s exports totaled $1 453.7 million in Jan-Oct 2016 after growing 19.8%, compared with the same period a year before, and imports totaled $2 613.3 million after shrinking 0.3%.

As a result, negative balance of the country’s foreign trade amounted to $1 159.6 million. ($1 – AMD 481.62). –0—-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img