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    May 2012
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  • Archive for May 23rd, 2012

    Armenia’s central bank revises upward its economic forecast for this year

    Wednesday, May 23rd, 2012

    Armenia’s Central Bank said today it has revised upward its economic forecast for this year to 3.5-4.8 percent. These figures can be found in its monetary policy program designed for the second quarter.

    EURO hits 21-month low vs dollar before EU summit

    Wednesday, May 23rd, 2012

    The ongoing Greek crisis pushed the euro Wednesday to its weakest levels against the dollar since August 2010. The single currency fell to as low as $1.2615 against the dollar in mid-morning European

    Interest rates on deposits in Armenia fall by 0.2 p.p. to 8% in April

    Wednesday, May 23rd, 2012

    An average interest rate on deposits in Armenia loses 0.2 p.p. reaching 8% in April from a month earlier, the data published on Central Bank’s website states

    Almost half of Armenia’s banks and credit organizations project 12-month inflation at 2,5- 5,5%

    Wednesday, May 23rd, 2012

    Some 48% of commercial banks of Armenia and 43.3% of credit organizations project the inflation at 2.5- 5.5% within the next 12 months, the monetary-credit report published by the Central Bank

    Morgan Stanley cut Facebook estimates just before IPO

    Wednesday, May 23rd, 2012

    In the run-up to Facebook’s $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: