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  • Archive for March 19th, 2010

    Former prime minister says dram’s exchange rate against USD to reach 450 in summer

    Friday, March 19th, 2010

    Former prime minister Hrant Bagratian predicted today that the renewed depreciation of Armenia’s national currency, the dram, which began last month, will continue and the dram will be trading at 450 per one USD by the mid-summer.

    Areximbank-Gazprombank Group to triple its assets by 2012 to $300 million

    Friday, March 19th, 2010

    Areximbank-Gazprombank Group said it plans to triple its assets to $300 million by 2012 and increase its credit portfolio by 350 percent.