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December 2009
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Archive for December, 2009

Armenia economy getting out of worst economic recession

Wednesday, December 30th, 2009

Armenia economy getting out of worst economic recession

Government to step up work for turning Armenia into regional financial center only after overcoming crisis

Tuesday, December 29th, 2009

Government to step up work for turning Armenia into regional financial center only after overcoming crisis

CB of Armenia does not rule out establishment of and mergers of operating banks

Tuesday, December 29th, 2009

Central bank of Armenia does not rule out establishment of and mergers of operating banks

Finance minister downplays speculations that foreign debt may reach 50% of its GDP

Tuesday, December 29th, 2009

Finance minister downplays speculations that foreign debt may reach 50% of its GDP

Armenian financial system avoids strong shock amid recession

Tuesday, December 29th, 2009

Armenian financial system avoids strong shock amid recession

Areximbank-Gazprombank Group’s authorized capital built up to AMD 12 347.3 mln

Tuesday, December 29th, 2009

Areximbank-Gazprombank Group’s authorized capital built up to AMD 12 347.3 million

Individual bank deposits in Armenian dram slash by 22.8%

Tuesday, December 29th, 2009

Individual bank deposits in Armenian dram slash by 22.8% in January-November to 167.5 billion drams

Finance minister expects 25 billion drams to come out of ‘shadow’

Tuesday, December 29th, 2009

Armenian finance minister Tigran Davtian said Monday he expects 25 billion drams to come out of ‘shadow’ next year.

Central Bank of Armenia does not see any reasons for dram revaluation

Tuesday, December 29th, 2009

Central Bank of Armenia doesn’t see any reasons for possible revaluation of national currency”, said Artur Javadyan, Chairman of the Central Bank of Armenia.

Economic decline in Armenia by the results of 2009 will be 15% – Ministry of Finance

Tuesday, December 29th, 2009

“By the results of 2009, 15% economic decline was registered in Armenia”, said Tigran Davtyan, Minister of Finance of Armenia.