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Daily Archives: Jun 12, 2023

Development and attraction of interest to the market: AMX CEO on future development strategy of exchange

Capital market
The Armenian Securities Exchange (AMX) is not expected to undergo any serious changes after the deal with the Warsaw Stock Exchange (WFB), AMX CEO Hayk Yeganyan told ARKA News Agency

In 2022, Armenia’s planned state budget deficit reduced by 6.5 billion drams – Finance Ministry

Economy
Armenia's  planned 2022  budget deficit reduced  by AMD 6.5 billion,  Finance Minister Vahe Hovhannisyan said on Monday at the sitting of the parliamentary standing committee on financial-credit and budgetary issues

Armenian Finance Minister describes last year’s FDI rate of 5.1% of GDP as very high

Economy
The total foreign direct investments (FDI) inflows in Armenia in 2022 stood at US$1 billion, making 5.1% of GDP,  Finance Minister Vahe Hovhannisyan said  on Monday

EDB forecasts inflation in Armenia at 2.5% by the end of the year

Economy
Inflation is expected to be around 2.5% y/y at the end of 2023,  slightly below the central bank's target 4+/-1.5, according to the weekly macro review of the Eurasian Development Bank (EDB)

World Bank will continue supporting reforms in Armenia – WB Regional Director

Banks
The World Bank will continue to support Armenia in the coming years in implementing its reform agenda, Roland Price, the newly appointed WB Regional Director for the South Caucasus, said on Friday at a meeting with Armenian Deputy Prime Minister Tigran Khachatryan

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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