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  • Archive for October, 2012

    Market of metals: gold & copper prices fall amid strong USD

    Monday, October 29th, 2012

    Last week quotes for precious assets, including gold, significantly slashed amid the U.S. strengthening

    EBRD reports Armenia’s output growth and economic risks

    Monday, October 29th, 2012

    Armenia’s output growth has accelerated, led by manufacturing and mining, according to EBRD’s latest report on regional quarterly economic prospects

    Armenia’s commercial banks purchased $78.4 mln last week

    Monday, October 29th, 2012

    Armenian commercial banks purchased over $78.4 million at an average weighted rate of 404.95 drams per $1 from 22 to 26 October in intra-banking market of foreign currency

    Total of $10.2 million traded at NASDAQ OMX Armenian stock exchange last week

    Monday, October 29th, 2012

    The Central Bank of Armenia said today a total of $10.2 million were traded at NASDAQ OMX Armenian stock exchange from 22 to 26 October, which is 8.5 percent up from a week earlier

    Additional capital inflow into Armenia’s banking sector in 2013 is inevitable: Gusev says

    Friday, October 26th, 2012

    Without inflow of additional capital in 2013 Armenia’s banking system would simply stop, according to Yuri Gusev

    Neither Dollar nor Euro deals effected at NASDAQ OMX ARMENIA on Friday

    Friday, October 26th, 2012

    No foreign exchange transactions were effected at NASDAQ OMX Armenia stock exchange on Friday

    VTB Bank (Armenia) head expects no revision of key refinancing rate any time soon

    Friday, October 26th, 2012

    Yuir Gusev, the acting chairman of the Russian-owned VTB Bank (Armenia), told ARKA news agency he did not expect Armenia’s Central Bank to revise its key refinancing rate any time soon

    Association of Russian Banks chairman commends Armenia’s Central Bank for development of sector

    Friday, October 26th, 2012

    Garegin Tosunyan, the chairman of the Association of Russian Banks, praised today the Central Bank of Armenia for

    VTB Bank (Armenia) plans entering Armenia’s leasing market early 2013

    Friday, October 26th, 2012

    VTB Bank (Armenia) is to enter leasing market of Armenia early next year, Yuri Gusev

    Armenian PM says next year to see breakthrough in development of e-payments

    Friday, October 26th, 2012

    Armenian Prime Minister Tigran Sargsyan said today next year will see a breakthrough in the development of electronic payments because of a dramatic rise in the number of people that will start using electronic payment systems