Armenia’s risk premium increased amid events in the Middle East – Galstyan

YEREVAN, March 17. /ARKA/. The risk premium in Armenia has increased slightly due to events in the Middle East, although not as much as in other countries in the region and beyond, stated Martin Galstyan, head of the Central Bank of Armenia.

Over the past year, Armenia’s risk premium has declined significantly – by approximately 100 basis points.

“In Armenia, the risk premium increased by only 20 basis points,” he said at a press conference on Tuesday.

This, according to Galstyan, gives the regulator reason to believe that investor confidence in its macroeconomic policy is quite high.

“Naturally, everything is developing very dynamically; changes occur every day, every hour, so we are monitoring all these developments very closely,” he added. In January of this year, Armenian Finance Minister Vahe Hovhannisyan announced a reduction in the risk premium on Armenian Eurobonds, calling it historically low. He stated that while in March 2025, Eurobonds issued at a rate of 7.1% had a risk premium of 2.86%, or 286 bps, in January 2026, this figure was 196 bps, or 1.96%.

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