12-month inflation recorded at 0.9 in Armenia in April 2020

YEREVAN, May 6. /ARKA/. A 0.9-percent 12-month inflation was recorded at the consumer market of Armenia in April 2020, compared to April 2019, according to the report of the National Statistical Committee of Armenia.

According to the statistical report, in April, compared with March, inflation in the country was also recorded at 0.9%.

In January-April 2020 compared with the same period a year earlier, prices increased by 0.1%.

In the government budget of Armenia for 2020, economic growth was projected at 4.9%, and inflation at 4% (± 1.5%). However, the economic growth forecast was revised on April 29, 2020, and now a 2% economic decline is projected in the government budget. -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

Become a Unibank shareholder and benefit from an attractive investment opportunity

Individuals and legal entities can acquire ordinary shares from Unibank’s new share issue until September 9, 2026, at a placement price of AMD 390 per share.

”Araks” poultry farm produces 10 tons of poultry meat and 400 thousand eggs daily, its partner is Acba Leasing

For about 30 years, the Araks poultry farm has been providing the Armenian market with fresh poultry meat and eggs every day.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

LATEST NEWS

spot_imgspot_imgspot_img