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Tag: North-South

EFSD: Armenia will benefit from participation in transport integration along North-South axis

Economy
Transport integration along the North-South axis is an extremely important direction, and Armenia is interested in it, Andrei Shirokov, the executive director of the Project Unit at the Eurasian Fund for Stabilization and Development (EFSD), said in an exclusive interview with ARKA news agency

Loan agreement between Eurasian Development Bank and Armenia for North-South motorway construction takes force

Economy
An agreement, under which the Eurasian Fund for Stabilization and Development extends an investment loan to Armenia for building a section of North-South motorway, came into force last week, the press office of the Eurasian Development Bank reported on Tuesday

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US dollar rate down 0.35 points to 397.92 drams

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

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

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

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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