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    October 2012
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  • Archive for October 8th, 2012

    ADB revises its forecast for Armenia’s GDP growth

    Monday, October 8th, 2012

    The Asian Development Bank has revised upward its GDP growth forecast for Armenia in 2012 from

    Chairman of Armenia’s Central Bank off to Japan for IMF and WB meetings

    Monday, October 8th, 2012

    The chairman of Armenia’s Central Bank, Arthur Javadyan, will be visiting Tokyo on October 8-12 to attend the annual meeting of the

    Armenian commercial banks combined assets to grow to 3.4 trillion drams by 2014: forecast

    Monday, October 8th, 2012

    Armenian commercial banks predict that their assets are likely to grow by 18 percent annually in 2012-2014

    Armenia’s commercial banks purchased over $75.4 mln last week

    Monday, October 8th, 2012

    Armenian commercial banks purchased over $75.4 million at weighted average rate 407.10 drams per $1 within October 1-5

    Armenian banks’ net income to advance 2.8 times to AMD 89 bln in 2012-2014

    Monday, October 8th, 2012

    Armenian commercial banks expect to earn 57 billion drams in net income within 2012-2014

    Armenia: currency market review for October 1-5

    Monday, October 8th, 2012

    Last week the average weighted exchange rate of one U.S. dollar at NASDAQ OMX Armenia stock exchange fell by 0.54% to 405.25 drams with weekly trading amounting to $11.09 million, which was 36.26% down from the previous week.

    Market of metals: gold and copper quotes surged

    Monday, October 8th, 2012

    Early last week gold prices were teetering amid the investors’ concerns about a regular session of the European Central Bank, as well as data from the U.S. labor market.