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Daily Archives: Dec 23, 2024

Euro exchange rate rises by 0.63 points to AMD 411.09

The average market exchange rate of the US dollar to the Armenian dram on 23 December 2024 made up 395.58 drams, having increased by 0.53 points compared to 20 December.

From a small family dream to a large business: Danielyan sweets

The Danielyan family started their business after the Spitak earthquake - first in a small house, and now they have more than 500 employees.

Commercial bank deposits up 1.3%, loans grow 2.2% in October – WB 

Commercial bank deposits increased 1.3 percent (mom) in October, and loans grew at 2.2 percent (mom), driven by AMD-denominated funds. This is stated in the World Bank’s review “Armenia Monthly Economic Update – December 2024”.

World bank identifies drivers of inflation growth in Armenia in November

Inflation increased to 1.4 percent (yoy) in November, up from 0.6 percent (yoy) in October. The increase was mainly due to 3.1 percent higher prices for food and non-alcoholic beverages (mom), according to the World Bank's "Armenia Monthly Economic Update – December 2024.