Mon, 8 September
24.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

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

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img