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

Economic activity in Armenia expected to keep growing in 2nd Q 2017 – Eurasian Development Bank

YEREVAN, June 9. /ARKA/. The dynamics of indicators gives the Eurasian Development Bank’s analysts grounds for forecasting short-term favorable prospects for Armenia’s economy.

In their monthly report, they say that economic activity will continue growing in Armenia in the second quarter 2017.

They pointed out the increase of resident private companies’ deposits in the national currency and copper export values expressed in prices as key factors of these positive dynamics.

As a constraining factor, they pointed out the dynamics of consumer loans in foreign currencies.

According to the National Statistical Service of Armenia, Armenia’s economic activity growth stood at 3.4% in April 2017 against 6.4% in January. —0—-

spot_img

POPULAR

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.

“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 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.

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.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img