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Tag: government

Armenian government gives permission for ratification of EBRD loan to improve public transport in Yerevan

Banks admin -
The Armenian government has given permission today to ratify a loan agreement with the European Bank for Reconstruction and Development (EBRD)

Armenian government’s budget deficit in 2022 projected at 3.1% of GDP- minister

Economy admin -
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

Standard & Poor’s: Armenian government’s general debt to decrease to 48% by 2024 from 53% in 2021

Banks admin -
The Standard & Poor’s said in a report it projects general government debt of Armenia to decrease to 48% by 2024 from 53% in 2021

Armenian government to look into demand for Diaspora bonds

Capital market admin -
The government of Armenia is set to look into the demand for so-called Diaspora bonds as part of its development program

VTB Bank (Armenia) launches lending to aspiring entrepreneurs as part of government’s 19th assistance program

Banks admin -
As part of the 19th assistance program designed by the government of Armenia to help offset the economic consequences of the coronavirus crisis, conducted jointly with the Ministry of Economy and the Investment Support Center Foundation, VTB Bank (Armenia) announced today lending to small businesses and assistance in the implementation of business projects of entrepreneurs in this segment, the press service of the bank reported

Armenian government to use part of proceeds raised from sale of Eurobonds to build ‘financial cushion,’ minister says

Capital market admin -
The Armenian government will use part of the proceeds raised from sale of $750 million of USD-denominated Eurobonds to build a "financial cushion," Finance Minister Atom Janjughazyan said during a government meeting on Thursday

Armenian government’s decision to issue Eurobonds is a forced step containing great risks, economist says

Capital market admin -
Armenian government's decision to place another issue of Eurobonds is a forced step that contains great risks, economist Tatul Manaseryan said in an interview with ARKA news agency

Armenian government’s debt to make 65% of GDP this year

Economy admin -
The Armenian government's debt by the end of 2020 will make 65% of GDP, and in 2021 it will slightly decrease to 63%, Finance Minister Atom Janjughazyan said on Monday, presenting the draft state budget for 2021 to parliamentary commissions

Armenian government allocates another AMD 119 billion to cushion economic consequences of COVID-19

Banks admin -
Armenian Vice Premier Mher Grigoryan pointed out Thursday the progress in the implementation of the government’s 1st and 2nd programs aimed at cushioning the economic consequences of the coronavirus

Armenian banks provide 119 billion drams worth loans to support government’s anti-coronavirus measures

Banks admin -
As part of a string of assistance measures designed by the government of Armenia to help companies and citizens offset the consequences of the coronavirus crisis, local banks have provided loans to the tune of 119 billion drams, the Union of Banks of Armenia said in a statement

Armenian government provides 37 billion drams worth loans to farmers

Banks admin -
As part of Armenian government assistance programs, designed to help farmers overcome the socio-economic consequences of the coronavirus, the latter were provided with 18 thousand loans worth 37 billion drams, Deputy Minister of Economy Arman Khojoyan said at a press conference on Wednesday

Armenian government is considering targeted construction program in regions

Banks admin -
The Armenian government is considering the possibility of launching a targeted construction program in the regions, Deputy Minister of Labor and Social Affairs Smbat Sayyan said during an on-line conference today

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US dollar exchange rate up by 0.14 points, while the euro falls by 1.37 points

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The average market exchange rate of the U.S. dollar to the Armenian dram at the end of January 23, 2024, amounted to 398.88 drams, having risen by 0.14 points compared to 22 January.

Armenia to receive 45.3 million euros from Asian Development Bank to improve healthcare quality

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Armenia will receive a EUR 45.3 million loan from the Asian Development Bank for the implementation of the ‘Health Care Quality Improvement Programme’. The Armenian government made a corresponding decision on Thursday.

Armenia’s banking system reports a profit of 363 billion drams in 2024

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The profit of Armenia's banking system for 2024 amounted to approximately 363 billion drams, according to the Union of Banks of Armenia (UBA).

Central Bank of Armenia warns about fraudulent surveys and urges not to share banking data

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The Central Bank of Armenia does not conduct any surveys regarding citizens' banking data, the regulator said today.

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