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Tag: Bagratian

Combined GDP decline over last five years was minus 0.8%: ex prime minister

Economy admin -
Former prime minister Hrant Bagratian said at a Friday news conference that the combined GDP decline over the last five years amounted to minus 0.8%.

Former Armenian prime minister unveils 10 steps for government to take to stabilize economy

Economy admin -
A former Armenian prime minister unveiled today 10, as he said, most important steps which the government must take to stabilize the economy.

Former Armenian prime minister says Pan-Armenian Bank should be reorganized into investment bank

Banks admin -
Former Armenian prime minister says Pan-Armenian Bank should be reorganized into investment bank

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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