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    January 2011
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  • Archive for January, 2011

    Foreign trade turnover of Armenia increased by 18.9% in 2010 making $4.8 billion

    Monday, January 31st, 2011

    Volume of foreign trade turnover increased by 18.9% making 1786.1 billion drams or about $4794.3 million versus 2009.

    Armenia’s gross international reserves in 2010 December contract by 7.2% to $1.859 billion

    Monday, January 31st, 2011

    Armenia’s gross international reserves in 2010 December contracted by 7.2% ($144.4 million) from a year before to $1.859 billion.

    Armenia’s economy grows 2.6% in 2010

    Monday, January 31st, 2011

    Armenia’s economy grew by 2.6% last year if compared to 2009, up from government- projected 1.2% growth.

    Armbusinessbank signs contract with labor and social security ministry to pay pensions

    Monday, January 31st, 2011

    Armenian Armbusinessbank said today it has concluded an agreement with the ministry of labor and social security on payment of old-age and retirement pensions.

    Overdue credit investments in Armenia’s banking sector grew by 0.2% in November to 4.7 billion drams: CBA

    Monday, January 31st, 2011

    The volume of overdue credit investments in Armenia’s banking sector grew by 0.2% in November 2010 from the previous month to 4.7 billion Drams.

    Nagorno-Karabakh motorists have bought over 8,000 mandatory car insurances

    Monday, January 31st, 2011

    Nagorno-Karabakh motorists have bought so far over 8,000 mandatory car insurances.

    Armenia has recovered from exceptionally sharp output contraction; EBRD report

    Thursday, January 27th, 2011

    EBRD report says Armenia has recovered from an exceptionally sharp output contraction during the crisis.

    Armenian banks buy January 24-27 some $87.1 million and sell $91.5 million

    Thursday, January 27th, 2011

    Armenian banks buy January 24-27 some $87.1 million and sell $91.5 million

    Weighted average rate of Armenian dram to US dollar is 362.26 for $1 on January 27, 2011

    Thursday, January 27th, 2011

    Mid-market rate of Armenian dram to US dollar in the stock market of Armenia reduced by 0.54 points on January 27, 2011 compared with January 26, 2011.

    Bank VTB (Armenia) customer awarded 200,000 drams win

    Thursday, January 27th, 2011

    Robert Melik-Sahakian, a customer of Bank VTB (Armenia), was awarded Wednesday a 200,000 Drams (over $550) win.