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Tag: Rasco

Baghdasarov announces about the closure of insurance company “A.S.G.” but not its sale

Insurance admin -
Well-known entrepreneur Mikhail Baghdasarov denied the information of selling the insurance company “A.S.G.” of the company “Rasco” owned by him.

ISG Insurance Company Sold To RASCO

Insurance admin -
Mikhail Bagdasarov, a well-known entrepreneur, has sold his ISG insurance company to RASCO insurance company.

Insurance company RASCO registered 10 thousandth CASCO client in Armenia

Insurance admin -
Armenian insurance company RASCO registered 10 thousandth client of CASCO (insurance of cars or other transport means (ships, planes, trains) from damage or theft).

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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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