Sat, 23 August
28.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia has high inflation, but there is no crisis – Pashinyan

YEREVAN, Sept. 7. /ARKA/. Armenia has been experiencing high inflation affecting the social situation in the country, Armenian Prime Minister Nikol Pashinyan said, speaking at a plenary session of the 7th Eastern Economic Forum in Russian Vladivostok on Wednesday

However, according to Pashinyan, the situation with high inflation is manageable situation. ‘There is a problem, but we don’t have a critical situation, thanks also to Russia’s support,” he stressed.

Pashinyan noted that in the first half of the year everyone had great fears. “Not only within the framework of the EEU, but also bilaterally, we communicated very intensively. I must say that I am impressed by the promptness with which Russian President Vladimir Putin and Prime Minister Mikhail Mishustin responded to our requests,” the prime minister said without elaborating. He added that Armenia would have found it difficult to cope with these problems on its own.

According to Armenia’s National Statistical Committee, the 12-month inflation in August 2022 was 9.1%.-0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

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.

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.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Euro drops by 0.59 points against Armenian dram to AMD 447.84

The average market exchange rate of the US dollar against the Armenian dram as of August 15, 2025, dropped by 0.4 points when compared to August 14 and amounted to 383.1 drams.

LATEST NEWS

spot_imgspot_imgspot_img