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  • Archive for September, 2013

    Armenia’s commercial banks purchase over $75.8mln at intra-banking Forex market last week

    Monday, September 23rd, 2013

    Armenian commercial banks purchased more than $75.8mln at a weighted average rate of 407.61drams per $1 in intra-banking foreign exchange market on September 17-20, the press service of the Central Bank reported

    Asian stocks rise after ChIna manufacturing data: Forextalk

    Monday, September 23rd, 2013

    Asian stocks rose, with a regional benchmark index trading near a four-month high, after a private measure of Chinese manufacturing jumped more than forecast, Forextalk.us reports referring to Bloomberg. Trading on Hong Kong markets was delayed due to a storm

    Sarkisov: insurance penetration in armenia will come with the culture of the business

    Friday, September 20th, 2013

    RESO insurance company opened the other day a head office in Yerevan. The opening ceremony was attended by Sergey Sarkisiov, Reso Garantia insurance company’s board chairman and a member of RESO board. ARKA news agency asked him several questions about the challenges facing the company. Mr. Sarkisov gladly responded sharing also his thoughts about the prospects of development of insurance market in Armenia.

    Opinion: issue of eurobonds may spur Armenia’s securities market

    Friday, September 20th, 2013

    The issue of Eurobonds may spur Armenia’s securities market, Tatul Manaserysan, an economist and the head of the Alternative think tank, said in an interview with ARKA News Agency

    Order books on the Republic of Armenia's new seven-year bond have exceeded USD3BN: Minister

    Friday, September 20th, 2013

    Order books on the Republic of Armenia’s new seven-year bond have exceeded USD3bn, finance minister David Sarkisain said today

    Consume prices in Jan.-Aug. in Armenia upped 5.3 percent

    Friday, September 20th, 2013

    Consumer prices in Armenia in the first eight months this year rose by 5.3 percent from the year earlier, the National Statistical Service said today

    Doubtful lending fo Armenian banks in first half grows by 38% to 15.1 billion drams

    Friday, September 20th, 2013

    Doubtful loans of Armenian commercial banks amounted to 15.1 billion drams in the first half of the year, having increased by 38 percent when compared with the same period last year, according to the Bulletin of the Central Bank of Armenia for the second quarter

    New head of EBRD Yerevan office welcomes first issue of armenian eurobonds

    Friday, September 20th, 2013

    The new head of EBRD Yerevan Resident Office, Mark Davis, welcomed Thursday the first issue of US Dollar – denominated eurobonds by Armenian government saying it will have a beneficial impact on the financial sector and will attract new investors to the local market

    Armenia issues $700 million worth US dollar bonds

    Friday, September 20th, 2013

    The Republic of Armenia’s has set a final yield of 6% on its first issue of a benchmark-sized US dollar bond, the ministry of finance said. The maturity period is seven years

    EBRD to invest about $100 million in Armenia in 2014

    Thursday, September 19th, 2013

    Investments of the European Bank for Reconstruction and Development (EBRD) in Armenia in 2014 will amount to about $ 00 million, the outgoing head of EBRD Yerevan Office, Valeriu Razlog, told a news conference today