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Tag: Armenia

EIB is Armenia’s key partner in major infrastructure projects and economic reforms, says Deputy Prime Minister

The European Investment Bank (EIB) is a key partner for Armenia in terms of major infrastructure projects and reforms in areas of strategic importance for the economy, Armenian Deputy Prime Minister Mher Grigoryan said.

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

Citizens fallen victim to fraudsters in Armenia will have their interest rates reset to zero

The Armenian Ministry of Internal Affairs held intensive discussions with representatives of the office of Deputy Prime Minister Mher Grigoryan, the Investigative Committee, and the Central Bank to resolve the problem of citizens affected by cybercrime.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

EDB forecasts Armenia’s refinancing rate at 6.8% in 2025

The refinancing rate of Armenia's Central Bank will average 6.8% in 2025, according to Eurasian Development Bank's macroeconomic forecast for seven member countries for 2025–2027.

Remittances to Armenia in January–April 2025 remained at historic high of $1.8 billion, according to EDB

In January-April 2025, the inflow of cross-border remittances to Armenia increased by 6% year-on-year to $1.8 billion, maintaining its historic high, according to a Eurasian Development Bank’s macroeconomic forecast for seven participating countries for 2025-2027.

EDB forecasts tightening of monetary policy by Central Bank of Armenia

The Eurasian Development Bank (EDB) says it expects Armenian Central Bank to tighten its monetary policy.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

Central Bank of Armenia has not received applications for new banking licenses

The Central Bank of Armenia has not received applications for new banking licensesб the head of the regulator Martin Galstyan, stated at a press conference on Tuesday in response to a question from the ARKA news agency.

Finance Minister: Armenia has no problems with public debt management

The government of Armenia does not have serious problems with managing the public debt,  Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about  about how manageable the debt is and what the main risks associated with it are.

Armenia takes first step toward regulating crypto assets

On Thursday, the National Assembly of Armenia approved in the second and final reading a draft law On Crypto Assets and amendments to a number of related laws.

Armenia ratifies agreement with EIB on €236 million road construction program for Sisian-Kajaran section

On Thursday, the Armenian National Assembly ratified the financial agreement signed on November 12, 2024, with the European Investment Bank (EIB) on the construction of the Sisian-Kajaran road section in the Syunik region of the country.