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  • Archive for October, 2009

    IMF happy about results of programs in Armenia

    Monday, October 26th, 2009

    International Monetary Fund is happy about the results of its bailout program in Armenia.

    UCO Norvik profit exceeds $ 3.5 million in half1 2009

    Monday, October 26th, 2009

    Exclusive interview with board member of the credit institution Norvik Tigran Bostanjyan ARKA News Agency – What are the main financial indicators of the credit institution for January-September 2009, and what are the dynamics of growth in comparison with 2008? T. Bostanjyan – Organization Norvik began its operations in 2006 and currently occupies a leading […]

    Fitch expects Armenia's economy to contract by about 15% in 2009

    Monday, October 26th, 2009

    Exclusive interview of Andrew Colquhoun, Director, Emerging Europe Sovereigns, Fitch Ratings, to ARKA news agency. ARKA – What are the exact reasons behind the decision to downgrade Armenia’s rating and what are the possible consequences of this move, particularly, in the context of credit-worthiness? Andrew Colquhoun – The downgrade reflects Fitch’s view that the severe […]

    Armenian National Competitiveness Fund provided with site and building

    Monday, October 26th, 2009

    Armenian National Competitiveness Fund provided with site and building.

    Some $61.1 million purchased and $80.2 million sold at Armenian Forex market October 17-23

    Monday, October 26th, 2009

    Armenian commercial banks purchased about $61.1 million at Armenian Forex market between October 17-23 at the average weighted exchange rate of 385.96 Drams per one USD, the Central Bank of Armenia said to ARKA Friday.

    Average market exchange rate of dram rises against USD

    Monday, October 26th, 2009

    Average market exchange rate of dram rises against USD

    Araratbank changes interest rates for Time Deposits

    Friday, October 23rd, 2009

    Araratbank changes interest rates for Time Deposits

    ProCredit Bank takes on agricultural lending

    Thursday, October 22nd, 2009

    New Branch of ProCredit Bank in Artashat marked the beginning of the implementation of Bank’s agricultural lending in Armenia.

    Weighted average rate of us dollar was 386.14 drams for $1 on October 22

    Thursday, October 22nd, 2009

    Weighted average of Armenian dram to US dollar as of October 22.

    First All-Armenian forum of bankers will take place in 2010

    Thursday, October 22nd, 2009

    On Thursday the Government of Armenia delayed the first All-Armenian forum of bankers till 2010.