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Daily Archives: Oct 28, 2019

Armenia’s external forex reserves reached record high of about $500 million

Armenia’s external forex reserves have reached the record high of about $500 million, the chairman of the Central Bank Artur Javadyan told reporters on Monday

Armenian government’s 2020 budget deficit set at 183 billion drams

The draft 2020 budget of the Armenian government projects a deficit to the tune of 183 billion drams or 2.6% of the GDP, Minister of Finance Atom Janjugazyan said today during a discussion of the draft budget by parliamentary standing committees

Armenia-based commercial banks report growth in all major indicators

In the first 9 months of 2019 Armenia-based commercial banks reported growth in all major indicators, according to their reports, published in accordance with International Financial Reporting Standards (IFRS)

4.9% GDP growth projected in Armenia’s 2020 draft government budget

At Armenia's government budget for 2020, GDP growth is projected at 4.9%, Finance Minister Atom Janjughazyan said Monday at the discussion of the government budget at the National Assembly's standing committees. In the 2019 government budget, economic growth is projected at 4.9% and inflation at 2.7%