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Archive for October 27th, 2009

Central Bank registers new branch of Armeconombank

Tuesday, October 27th, 2009

The Central Bank of Armenia has registered a new ‘Shirak’ branch of Armeconombank.

Armenia needs to diversify its exports

Tuesday, October 27th, 2009

YEREVAN, October 27, /ARKA/. The global economic and financial crisis that hit virtually all countries although with differing severity, has affected the Armenian economy very hard, contrary to earlier forecasts of some experts. The double-digit economic growth, reported for several successive years, was replaced by a bigger double-digit GDP contraction.
For example, Armenian GDP grew by [...]