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

No shortage of budgetary funds and financial threat to national security in Armenia

YEREVAN, June 24. /ARKA/. There is no shortage of budgetary funds and a financial threat to national security in Armenia, Deputy Finance Minister Armen Hayrapetyan said Wednesday at an extraordinary parliamentary meeting answering an MP’s question that the authorities are spending reserve funds in a difficult situation, and thereby pose a threat to national security.

He noted that the authorities conduct consistent research and assessments of the development situation of the coronavirus and the crisis associated with it in all scenarios in order to understand to what extent the financial stability is ensured.

“If we see risks, we will take steps. However, even today, in conditions of fiscal instability and lack of budgetary funds, there is no such threat,” Hayrapetyan said.

A state of emergency was declared in Armenia on March 16, 2020 to curb the spread of the coronavirus, and then extended three times. The latest decision, dated from June 12, extends the state of emergency until 17:00 July 13.

According to the latest official report issued Wednesday morning, 21,717 confirmed COVID-19 infection cases, 10,797 recovery cases and 386 deaths have been recorded in Armenia. -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

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

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.

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