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Tag: Standard & Poor's Ratings Services

S&P raises Cyprus outlook from negative to stable

Economy
Ratings agency Standard & Poor’s has raised the long-term and short-term sovereign credit rating of Cyprus, previously affirmed at ‘CCC’ and ‘C’ respectively

Annual mortgage interest rates rose by 0.2pp to 12.2% in Armenia

Economy
Average annual interest rates on mortgage rose by 0.2 percentage points up to 12.2% in Armenia in February as compared to the month before, says the website of the central bank

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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