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Tag: EEU

Armenian PM calls for increasing share of national currencies in settlement of transactions within EEU

Exchange market admin -
YEREVAN, December 10. /ARKA/. Speaking at a meeting of the Supreme Eurasian Economic Council today via videoconference Armenian Prime Minister Nikol Pashinyan said EEU member states should realize the strategic goal of increasing the share of national currencies in the settlements of trade transactions among EEU member states.

EEU bankers discussed macroeconomic process in Bishkek

Banks admin -
The Chairman of the Central Bank of Armenia Martin Galstyan took part in the 22nd meeting of the EEU Advisory Council on Monetary Policy that was held on September 23 in Bishkek, the capital of the Kyrgyz Republic, the Central Bank of Armenia reported

Armenia has lowest gold and forex reserves among EEU member stats

Economy admin -
At the beginning of 2021 Armenia’s gold and foreign exchange reserves were the lowest among members of the Eurasian Economic Union (EEU, Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan), according to the Eurasian Development Bank’s report on Uzbekistan’s integration with the EEU

Central Bank of Armenia to make payments in EEU national currencies using EDB’s settlement infrastructure

Banks admin -
The Central Bank of Armenia joined the Eurasian Development Bank’s (EDB) settlement infrastructure and opened a correspondent account

Mutual trade among EEU member countries gores to $62 billion

Economy admin -
The mutual trade of the countries comprising the Eurasian Economic Union (EEU) has grown by 35% over the last 5 years to $62 billion, up from $46 billion in 2015, the honorary chairman of the Supreme Eurasian Economic Council, the first president of Kazakhstan, Nursultan Nazarbayev, said today

VTB CEO: EEU member countries need to create single payment space

Banks admin -
The Eurasian Economic Union (EEU) member countries need to create a single payment space with settlements in national currencies, VTB CEO Andrei Kostin said on Friday speaking at the First Eurasian Congress organized by the Eurasian Development Bank (EDB)

Armenia set to join EEU agreement on exchange of confidential information in the field of finance

Economy admin -
Armenia's National Assembly has discussed today the ratification of the protocol on accession to the Agreement of December 23, 2014 on the exchange of information in the financial sector, including confidential information, to create conditions for ensuring the free movement of capital in financial markets of the Eurasian Economic Union (EEU) member states

Pashinyan calls for switching to settlements in national currencies within EEU

Economy admin -
Armenian Prime Minister Nikol Pashinyan has again argued today in favor of shifting to settlements in national currencies within the Eurasian Economic Union (EEU)

Customs duty rates for imports of “sensitive” goods to Armenia and other EEU member countries will be zeroed

Economy admin -
Customs duty rates for imports of “sensitive” goods to Armenia and other Eurasian Economic Union member countries will be zeroed for a period of three months, Armenian Deputy Minister of Economy Varos Simonyan said on Monday

Armenia’s dram was the only currency across EEU that did not depreciate against US dollar in 2019

Economy admin -
Armenia's national currency, the dram, was the only currency across the Eurasian Economic Union (it also includes Russia, Belarus, Kazakhstan and Kingston) that did not depreciate against the US Dollar in 2019, according to a report on major socio-economic indicators of the Eurasian Economic Union (EEU) in 2019

Next meeting of EEU currency policies council to be held in Armenia in 2020

Banks admin -
A delegation of the Central Bank of Armenia led by its chairman Arthur Javadyan participated today in a meeting of the Currency Policies Council of central / national banks of the Eurasian Economic Union's (EEU) member countries in Minsk, Belarus

Issues related to formation of common financial market in EEU territory discussed in Armenia’s central bank

Economy admin -
The second session of the Eurasian Economic Union's Advisory Committee for Financial Markets took place Thursday in the Central Bank of Armenia, the press office of the regulator reports

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Armenian banks’ net loan portfolio grew by 24․6% in 2024 to 6 trillion 270 billion drams

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The total loan portfolio of the Armenian banks net of reserves grew by 24.6% or AMD 1trillion 239 bln drams in 2024 to AMD 6 trillion 270 bln drams.

Profit of Armenia’s banking system in 2024 increased by 60.9% to 363.1 bln. AMD

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The net profit of 17 Armenia-based commercial banks in 2024 amounted to over 363.1 billion drams, growing by 60.9% compared to 2023, according to reports of the banks published in accordance with international financial reporting standards.

Armenia’s commercial banks paid 119.6 billion drams in taxes in 2024

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All 18 Armenia-based commercial banks are in the list of 1000 largest corporate taxpayers in 2024, having paid 119.6 billion drams in various taxes, the State Revenue Committee said.

US dollar exchange rate down 0.61 points to AMD 398.36

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The average market exchange rate of the U.S. dollar to the Armenian dram on January 27, 2024, was 398.36 drams, down 0.61 points compared to January 24.

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