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  • Archive for August, 2011

    Insurance companies in Armenia report 16.5% total assets increase

    Friday, August 19th, 2011

    In the first half of 2011 the total assets of insurance companies in Armenia increased by 16.5% or 3.8 billion drams from the beginning of the year to 27.4 billion drams, according to an analysis, conducted by ARKA news agency.

    Negative from the U.S. And Europe again crumbled the world markets

    Friday, August 19th, 2011

    World stock markets having restored their positions to some extent by mid-week and on Thursday returned to precipitous fall against the backdrop of negative information from the U.S. and the unstable economic situation in Europe.

    Agency “ARKA” published newsletter “Insurance companies of Armenia”

    Friday, August 19th, 2011

    News agency “ARKA” published its next quarterly newsletter, “Insurance companies of Armenia” in the second quarter of 2011.

    CBA forecasts inflation in the lower level of planned corridor of 4% (±1.5%)

    Friday, August 19th, 2011

    Inflation in Armenia by the end of 2011 will be formed in the frames of permissible fluctuation corridor of 4% ±1.5%, stabilizing at the lower level, according to the press-service of CBA.

    Government increases interest free promissory note of CBA to 77.5 billion drams

    Thursday, August 18th, 2011

    The Armenian government passed Thursday a decision to replace an interest free promissory note of 55.6 billion drams issued previously to the CBA with a bearer promissory note of 77.5 billion drams.

    Armenian Banks Post 27% Increase In Net Interest Income For The First Half

    Thursday, August 18th, 2011

    Armenian commercial banks posted a 27% increase in their net interest income for the first half of this year that was said to have amounted to 47.8 billion drams.

    World Bank To Increase Funding For Armenia By $55 Million

    Thursday, August 18th, 2011

    Armenian prime minister Tigran Sarkisian said today the World Bank has decided to increase funding for Armenia in the amount of $55 million.

    Former Armenian premier: world plunged into permanent recessionary wave

    Wednesday, August 17th, 2011

    The global financial and economic crisis has plunged the world into a permanent recessionary wave, Hrant Bagratyan, former Armenian prime minister, said Wednesday at a news conference.

    Volume Of Credit Investments Of Credit Organizations qIncreased By 0.9% To 66.9 Billion Drams In June

    Wednesday, August 17th, 2011

    Volume of credits provided by credit organizations of Armenia increased by 0.9% in June 2011 making about 66.9 billion drams.

    Areximbank– Group Of Gasprombank To Support The 5th Pan-Armenian Games In Armenia

    Wednesday, August 17th, 2011

    “Areximbank-Group of Gasprombank” supports the conduction of Fifth Pan-Armenian games in Armenia.