Sun, 23 February
-4.9 C
Yerevan
USD: 394.41 RUB: 4.46 EUR: 412.67 GEL: 140.79 GBP: 498.77
spot_img

Pashinyan, Haroutunyan point out necessity of bolstering Artsakh’s banking system

YEREVAN, May 22. /ARKA/. Armenian Prime Minister Nikol Pashinyan and President of Artsakh Arayik Haroutunyan met today in Stepanakert with representatives of Armenia’s and Artsakh’s banking systems, the press office of the Armenian government reports.

Arayik Haroutunyan welcomed the meeting participants and thanked the Armenian premier for organizing a meeting in this format. “We should not only continue, but to step up cooperation as we are going to ensure higher development rates in the future. Whereas the two governments’ financial resources will not be enough to do so, we will need to implement more ambitious programs,” the president of Artsakh said.

Pashinyan, for his part, stressed the importance of the tangible progress Artsakh’s banking system has recorded over the past decade, “which was instrumental in fostering the country’s economic achievements”.

“The economic ambitions we have set will be impossible to implement if they are not realized by the banking system. In some sense, this content should be formed jointly,” he said. “We did so during the state of emergency when government, banking system representatives and lawmakers would come together to discuss agriculture development, social issues and so on. This can be really effective; it should not be viewed as a separate meeting, but a talk that needs to be continued.”

According to the Armenian government’s press service, the meeting discussed ways of boosting cooperation between financial and banking systems, bolstering Armenian banks’ activities in Artsakh, promoting the funding of prospective business projects, etc.

The banking system representatives expressed readiness to follow the initiatives of Armenia’s and Artsakh’s governments and get involved in those programs aimed at ensuring greater resources with low interest rates for the market. -0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Euro exchange rate rises 0.4 points to AMD 412.82

The average market exchange rate of the U.S. dollar to the Armenian dram on February 20, 2025, stood at 395.31 drams, down 0.41 points compared to February 19.

AMX wins two prestigious Global Banking & Finance Awards

The Armenian Securities Exchange (AMX) announces that it has been recognized as the “Best Stock Exchange in the South Caucasus 2025” and the “Fastest Growing Stock Exchange in the South Caucasus 2025” by the prestigious Global Banking & Finance Awards magazine.

Euro  down by 0.15 points to AMD 412.64

The average market exchange rate of the U.S. dollar to the Armenian dram on February 21, 2025, totaled AMD 394.41, down 0.9 points compared to February 20.

LATEST NEWS

spot_imgspot_imgspot_img