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  • Archive for August, 2012

    Armenia’s interest rates on deposits slash 0.2 p.p. to 9% in July

    Monday, August 27th, 2012

    An average interest rate on deposits in Armenia slashed 0.2 p.p. to 9% in July from a month earlier, according to the data published on Armenian Central Bank’s website

    Armenia: Forex market review for August 20-24

    Monday, August 27th, 2012

    Last week the U.S. dollar’s average weighted exchange rate at NASDAQ OMX Armenia stock exchange dropped by 0.49% to 409.50 drams with weekly trading amounting to USD 8.65 million

    Moody's upgrades South Korea's rating on strong economic resilience

    Monday, August 27th, 2012

    Moody’s Investors Service on Monday upgraded South Korea’s credit rating, citing a high degree of

    Commercial banks bought $71.61 million at local forex market on August 20-24

    Friday, August 24th, 2012

    Armenian commercial banks bought a total of $71.61 million at the local forex market on August 20-24 at the average exchange rate of 409.92 drams per one USD, the Central Bank of Armenia

    European Union experts to advise on introduction of insurance in Armenian agriculture: Minister

    Friday, August 24th, 2012

    European Union experts will arrive in Armenia in October to advise on introduction of insurance in agriculture, agriculture minister Sergo Karapetian told a news conference today

    Armenia’s CB total liabilities up 6.2% to AMD 1.084.2 trln

    Friday, August 24th, 2012

    Armenian Central Bank (CB) said its aggregate liabilities increased by 63.6 billion drams or 6.2% to over 1.084.2 trillion drams as of 30 June 2012 from the first quarter

    Armenia’s II Q gross international reserves down 2.3% to $1. 719.2 bln

    Friday, August 24th, 2012

    Armenia’s II Q gross international reserves down 2.3% to $1. 719.2 bln.

    Germany, France urge Greece to keep commitment

    Friday, August 24th, 2012

    German and French leaders urged Greece to keep its commitment of reform here on Thursday, news.xinhuanet.com reports

    Fitch affirms Armenia at 'BB-';outlook stable

    Thursday, August 23rd, 2012

    Fitch Ratings has affirmed Armenia’s Long-term foreign and local currency Issuer Default Ratings

    Armenia’s banks invest amd 143.3 bln in Government bonds in second quarter

    Thursday, August 23rd, 2012

    Armenia’s banks invested nearly 143.3 billion drams in the government bonds as of 30 June, 4.8% higher from the beginning of this year, according to the banks’ financial interim report