Monthly Archives: October, 2024

One of Armenia’s scientific centers switches to green energy

The Research Institute of Mathematical Machines, operating in Yerevan since 1956, has switched to renewable energy sources.

Euro jumps 1.82 points to AMD 421.19

The average market exchange rate of the US dollar to the Armenian dram on 31 October 2024 was 387.62 drams, up 0.57 points compared to 30 October.

AMX presents awards to active participants of Armenia’s financial sector

The annual award ceremony of the Armenian Stock Exchange (AMX), which unites leading companies of the financial sector, was held the day before in Yerevan. AMX and the Central Securities Depository presented awards to the active participants of Armenia's capital market, thus recognising their achievements in 2023-2024.

Euro jumps 1.23 points to AMD 419.37

The average market exchange rate of the US dollar to the Armenian dram on 30 October 2024 was 387.05 drams, down 0.01 points compared to 29 October.

Annual interest rate of 0% for buying vehicles from JAC Motors Armenia

Acba Leasing and JAC Motors Armenia have unveiled an unprecedented offer for buying JAC pickup trucks and a wide range of commercial class vehicles with a maturity term of 3 years, actual annual interest rate of 0% and  free CASCO insurance

Head of Armenian Central Bank explains why credit rates do not react to lowering of refinancing rate

Having cut the refinancing rate to 7.25 per cent Armenia’s Central Bank has kept loan rates from rising significantly, the regulator's head Martin Galstyan said today.

Euro exchange rate decreases by 0.62 points to AMD 418.14

The average market exchange rate of the US dollar to the Armenian dram on 29 October 2024 was AMD 387.06, down 0.07 points compared to 28 October.

Central Bank of Armenia lowers refinancing rate for seventh time this year

At its meeting on October 29, the Board of the Central Bank of Armenia reduced the refinancing rate by 0.25 percentage points, setting it at 7.25%.

Armenia Stock Exchange launches updated version of GP.Minfin system

Armenia Stock Exchange said today it has  launched an updated version of the GP.Minfin system, which enables Armenian citizens and foreign investors to buy and sell Armenian government bonds more easily and securely.

Armenian Central Bank head: 2025 fiscal policy will aim to ensure 5.6 per cent GDP growth

In 2025, Armenian authorities will work to ensure the projected 5.6% GDP growth, Central Bank Chairman Martin Galstyan said today, speaking at budget discussions in parliament.

Armenia’s public debt to reach 53.5% of GDP in 2025 – Finance Ministry

Armenia's public debt is projected to reach 5 trillion 914 billion drams in 2025, with servicing costs increasing from 11.2% to 11.3%. This announcement was made by Armenian Finance Minister Vahe Hovhannisyan during discussions on the draft state budget for 2025 in parliamentary committees.

Armenian commercial banks paid 102.8 billion drams in taxes over first 9 months

All 18 Armenia-based commercial banks have been included in the list of the 1,000 largest corporate taxpayers for January-September 2024, having paid a total of 102 billion drams in various taxes, according to the State Revenue Committee.