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  • Archive for May 24th, 2011

    VTB Bank (Armenia) sets credit-documentary limit for map company

    Tuesday, May 24th, 2011

    Russian-owned VTB Bank (Armenia) has set a credit-documentary limit for Armenian MAP company producing alcoholic beverages and canned food , to finance various projects, including providing farmers with interest-free advance payments, MAP founder Alexan Petrosian, said today

    Armenian bank Anelik introduces new scheme designed to automate loan issuance and decision-making processes

    Tuesday, May 24th, 2011

    Armenian bank Anelik said it is introducing a new scheme designed to automate the process of loan issuance and decision-making on lending to micro, small and medium-sized businesses.

    Dollar gains 0.86 point against Armenian dram

    Tuesday, May 24th, 2011

    The U.S. dollar strengthened 0.86 percentage point against the Armenian national currency on Tuesday, compared with Monday, and traded at 375.62 drams at Armenia’s forex.

    Dollar adds 1.01 point at NASDAQ OMX Armenia stock exchange

    Tuesday, May 24th, 2011

    On Tuesday, the U.S. dollar added 1.01 percentage point to its Monday’s value and traded at 377 drams at NASDAQ OMX Armenia.

    Single-digit inflation rate to be recorded in Armenia in first half of this year

    Tuesday, May 24th, 2011

    Tigran Jrbashyan, development director of Ameriabank, said Tuesday that a single-digit inflation rate would be recorded in Armenia in the first half of this year.

    Median Armenian nominal wage in Q one drops by 0.5%

    Tuesday, May 24th, 2011

    The median nominal wage in the first quarter of 2011 dropped by 0.5% year-on-year to 108,248 drams.

    Areximbank - Gazprombank Group cardholders can enjoy discounts in more than 120 trade and service outlets

    Tuesday, May 24th, 2011

    Areximbank – Gazprombank Group cardholders can enjoy discounts in more than 120 trade and service outlets.

    Armenian banks’ lending to industrial sector grows 10.6% in 1st Q 2011

    Tuesday, May 24th, 2011

    Armenian banks’ outstanding loans to the industry sector totaled AMD 219.7 billion in late March 2011 after growing 10.6% over the first quarter.