Sat, 1 February
-7.9 C
Yerevan
USD: 397.35 RUB: 4.04 EUR: 412.25 GEL: 139.06 GBP: 493.31
spot_img
type here...

Armenia’s National Assembly ratifies two loan agreements worth $100 million and €100 million

Economy
бизнес, инфляция, экономика
бизнес, инфляция, экономика

YEREVAN, December 9. /ARKA/. The Armenian National Assembly has ratified two loan agreements at an extraordinary session on Friday.

Armenian Deputy Minister of Finance Vahe Hovhannisyan noted that under one agreement Armenia will receive $100mln from the Asian Development Bank, and under the other  €100mln from the French Development Agency (AFD).

The first loan’s repayment period is 12 years with a grace period of 3 years, and 20 years for the second with a 5-year grace period.

Both agreements give the government the freedom to choose between fixed and floating interest rates.

The loans will be used to cover the 2022 budget deficit and implement several capital expenditures. -0-

spot_img

POPULAR

Insurance

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state
Banks

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.
Announces

Armenia’s refinancing rate back to August 2022 level – WB

The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.
Economy

Armenia’s 1.5% inflation in December is the highest since April – WB

Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.
Exchange market

Euro exchange rate plunges by 4.12 points to AMD 414.32

The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
EDB is able to invest $100 million a year in projects in Armenia
Next article
Acba Leasing offers purchase of Fiat trucks on lease at interest rate starting from 0

ArmBanks.am - ARKA News Agency financial-banking portal
The materials on this site may not be reproduced or used, in whole or in part, without the prior written permission of the copyright owner ARKA LLC information news agency. Hyperlinks to the ARKA website (armbanks.am) are obligatory. They should be direct, active, non-cryptic and not closed from indexing. The opinion of the authors of materials on the site may not necessarily coincide with those of the editorial staff.

Sections

Latist news

ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

Subscribe to the newsletter

By subscribing to the newsletter, you agree to the service rules and the terms of storage and use of your data.

Subscribe to the newsletter

© 1996-2025 ARKA News Agency. All rights reserved