Pashinyan believes that Armenian society “has successfully withstood inflation”

YEREVAN, December 22. /ARKA/. Armenian Prime Minister Nikol Pashinyan said the working part of society “has successfully withstood inflation.”

“With respect to May 2018, Armenia’s gross payroll has almost doubled, increasing by about 89.22 billion drams or 92.3%,” he said at a government meeting on Thursday.

According to the Prime Minister, the monthly income tax has also increased. He noted that the average monthly salary has increased by 44,931 drams, or 20.4 percent, compared to November 2021.

“This means that the working part of our society has successfully withstood inflation because annual inflation is much lower,” he said.

According to the National Statistical Committee, inflation in Armenia in November 2022 compared to November 2021 was 8.8%.  ($1 – 393.73 drams).

spot_img

POPULAR

“Kamurj” UCO CJSC bonds worth 1 billion drams listed on AMX

"Kamurj" UCO CJSC bonds have been listed on the Armenia Securities Exchange (AMX), the exchange's press service reported.

Tokenization could change the investment philosophy in Armenia – expert

Tokenization is a serious mechanism that could change the investment philosophy in Armenia, noted Felix Vartanov, CEO and shareholder of the investment and holding company BlackRiver Capital (Dubai).

Armenia has introduced a new model for assessing public debt sustainability

Armenia has introduced a new model for assessing public debt sustainability, while maintaining the previous ones.

Central Bank of Armenia and banks are ready to tighten mechanisms to combat telephone fraud – Galstyan

The Central Bank of Armenia, together with banks, is ready to introduce stricter mechanisms to prevent telephone fraud, stated regulator head Martin Galstyan, responding to a question from the ARKA news agency.

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

LATEST NEWS

spot_imgspot_imgspot_img