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  • Archive for November, 2009

    EBRD expects its commitments to reach approximately $150 million in Armenia by the end of 2009

    Wednesday, November 25th, 2009

    European Bank for Reconstruction and Development (EBRD) Business Group Director Olivier Descamps said Tuesday in Yerevan EBRD’s financing of projects in Armenia next year may exceed $100 million.

    VTB Bank (Armenia) to cease serving plastic cards

    Wednesday, November 25th, 2009

    VTB Bank (Armenia) to cease serving plastic cards

    Recent increase of minimal benchmark for insurers’ capital to force them to merge

    Tuesday, November 24th, 2009

    Recent increase of minimal benchmark for insurers’ capital to force them to merge

    Armenia can record higher-than-planned economic growth in 2010

    Tuesday, November 24th, 2009

    Armenia can record higher-than-planned economic growth in 2010

    WB: consumer expenses in Armenia reduce 7% in 2nd Q 2009

    Monday, November 23rd, 2009

    Armenian households’ consumer expenses shrank 7% in the second quarter 2009, compared with the same period a year earlier, the World Bank said in its preliminary study on poverty in Armenia and social consequences of the global recession.

    CIS economies back on recovery track: Armenian PM

    Monday, November 23rd, 2009

    Back from a CIS prime ministers’ meeting in Ukrainian Yalta, Armenian premier Tigran Sarkisian told journalists that the CIS economies hit the bottom and are back now on recovery track.

    Armenia’s full-year economic contraction to stand at 15%: PM

    Monday, November 23rd, 2009

    Armenian Prime Minister Tigran Sarkisian told journalists that the country will close the outgoing year with a 15% full-year economic contraction.

    Weighted average us dollar rate in NASDAQ OMX Armenia as of November 20, 2009 was 386.98 drams for $1

    Friday, November 20th, 2009

    Weighted average of US dollar rate by transactions in NASDAQ OMX Armenia as of November 20, 2009 was reduced by 0.08 points compared with the indicator of previous auctions as of November 19 making 386.98 drams for $1.

    Inecobank to start money transfer operations through contact system

    Friday, November 20th, 2009

    Inecobank, one of Armenian commercial banks, said in a statement it will start remittance operations from November 23 through CONTACT international money transfer system.

    Mortgage market to start rallying in 2nd Q 2010

    Friday, November 20th, 2009

    Armenia’s mortgage market has already hit the bottom of the crisis and is expected to start rallying in the second quarter of the next year, Armen Khachyan, said director general of Washington-Capital Universal Credit Organization.