Mon, 30 June
31.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Central Bank collecting data to assess losses suffered by Armenian businesses after some settlements in Karabakh were handed over to Azerbaijan

YEREVAN, December 10. /ARKA/. Armenia’s Central Bank is collecting data to assess the losses suffered by Armenian business people who invested money in some settlements in Nagorno-Karabakh which were handed over to Azerbaijan after the November 9 statement on cessation of hostilities, signed by the leaders of Armenia, Russia and Azerbaijan, a Central Bank Board member David Nahapetyan, told the parliament today. 

Nahapetyan was nominated by the ruling My Step parliamentary majority for the vacant position of Board member.

The issue was raised by an independent MP Arman Babajanyan, who said that many businesses and other projects were financed in the settlements of Artsakh that came under the control of Azerbaijan. In this context, he asked whether the Central Bank was really conducting an inventory and mapping the situation in order to understand the volume of losses, and also asked if there was an idea about how these losses would be compensated for.

Nahapetyan replied that there was no final idea at the moment, but the Central Bank was actively collecting relating data.

Nahapetyan said that only after the full collection of data it would be possible to clearly say what steps should be taken.

“But I am sure that these steps will be taken. Certain decisions will also be made in this direction,” Nahapetyan said.

From September 27 to November 9,  Azerbaijani armed forces, backed by  Turkey and foreign mercenaries and terrorists, attacked Nagorno-Karabakh along the entire  front line using rocket and artillery weapons, heavy armored vehicles, military aircraft and prohibited types of weapons such as cluster bombs and  phosphorus weapons.

On November 9, the leaders of the Russia, Azerbaijan and Armenia signed a statement on the cessation of all hostilities in Artsakh. According to the document, the parties stopped at where they were at that time. The town of Shushi, the districts of Agdam, Kelbajar and Lachin are handed over to Azerbaijan, with the exception of a 5-kilometer corridor connecting Karabakh with Armenia. 

A Russian peacekeeping contingent has been deployed along the contact line in Karabakh and along the Lachin corridor. Internally displaced persons and refugees are returning to Karabakh and adjacent regions, prisoners of war, hostages and other detained persons and bodies of the dead are being exchanged.–0-

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenian banks  in 2024 increased profit by 61% to 363 billion drams – UBA

Armenia-based banks made a profit of 363 billion drams in 2024, an increase of about 137 billion drams, or 61%, compared to 2023,  Daniel Azatyan, the head of the Union of Banks of Armenia (UBA) told a press conference today.

ACBA Bank summarizes the results of 2024 (video)

ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

LATEST NEWS

spot_imgspot_imgspot_img