If citizens are unable to repay their credit obligations due to problems with the ArCa payment system, they can contact the banks and credit organizations that service them, the regulator told the ARKA news agency.
ue to technical re-equipment and system improvement work, services in the ArCa payment system are temporarily unavailable from 11:46 a.m., the Armenian Card company reports.
In May, commercial bank deposits and credit grew 1 percent (mom) and 1.3 percent (mom), respectively, - stated in the World Bank’s monthly review “Armenia Monthly Economic Update. July 2025”.
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.
International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.
A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.
A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
If citizens are unable to repay their credit obligations due to problems with the ArCa payment system, they can contact the banks and credit organizations that service them, the regulator told the ARKA news agency.
ue to technical re-equipment and system improvement work, services in the ArCa payment system are temporarily unavailable from 11:46 a.m., the Armenian Card company reports.
In May, commercial bank deposits and credit grew 1 percent (mom) and 1.3 percent (mom), respectively, - stated in the World Bank’s monthly review “Armenia Monthly Economic Update. July 2025”.
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019
The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.
International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.
A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.
A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Armenia's national debt at the end of 2022 will amount to 4 trillion 740 billion drams or 60.2% of GDP, Minister of Finance Tigran Khachatryan said today
The deficit of the Armenian government’s 2022 budget is projected at 3.1% of GDP or 243 billion drams, Finance Minister Tigran Khachatryan said today when speaking at a parliamentary hearing on next year’s budget
In 2021, the ratio of public debt to GDP will be exceeding the threshold of 60%, said Chairman of the Central Bank of Armenia Martin Galstyan to ARKA news agency on Tuesday
“Armenia public debt in 2019 was below 50% of its GDP, but in 2020 it grew to 63.5%, exceeding the 60% threshold laid down in the fiscal rules,' Finance Minister Atom Janjughazyan said a government meeting today.
In 2020, Armenia experienced one of the region’s sharpest GDP contractions—7.6 percent—as a severe COVID-19 outbreak and a military conflict with Azerbaijan late in the year impacted performance, according to World Bank's latest 'Europe and Central Asia Economic Update, Spring 2021
Armenia's per capita GDP in 2020 amounted to a little over 2 million drams or $4,269, according to the numbers, released today by the National Statistical Committee (NSC)
Armenia's per capital GDP, according to preliminary data, amounted to $ 1,212 in the third quarter of 2020, having increased by $ 326 over the quarter from $ 886 in the second quarter, the National Statistical Committee of Armenia reports
The level of Armenia's public debt to GDP by the end of 2020 will be 66.5%, against 49.9% in 2019, and in 2021 it will reach 67%, Armenian Finance Minister Atom Janjughazyan said on Tuesday
Armenia's external vulnerabilities, including high and growing net external debt, a relatively large structural current account deficit, a reliance on remittances and relatively weak FDI inflows, remain in place, Fitch ratings said in a report
According to preliminary estimates, Armenia's GDP is expected to shrink by 5% or even more in 2020 due to the coronavirus crisis, Economy Minister Tigran Khachatryan said at a press conference on Friday
Armenia's GDP will decline more by the end of 2020 than most of the forecasts predict, the chairman of the Central Bank Martin Galstyan stated at a parliamentary meeting on Thursday
