Tue, 18 November
3.1 C
Yerevan
USD: 381.72 RUB: 4.70 EUR: 442.60 GEL: 140.99 GBP: 502.04

Reserve fund exhausted – Armenian finance minister

YEREVAN, September 3. /ARKA/. Armenian Finance Minister Atom Janjughazyan said Thursday at a regular government meeting that the reserve fund has been exhausted.

The minister announced this in the context of the pending issue on the procurement of protective equipment for educational institutions.

“I would like to inform that if a decision is made in this form, there will be a problem of implementation, because the reserve fund is currently under load. I ask you to find solutions to replenish the reserve fund before signing,” Janjughazyan said.

The project proposes to allocate 646.8 million drams (about $ 1.3 million) to purchase protective equipment for students. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

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.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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.

LATEST NEWS

spot_imgspot_imgspot_img