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  • Archive for December 10th, 2013

    VTB bank (Armenia) customer wins 3-day trip to winter Olympic Games in Sochi

    Tuesday, December 10th, 2013

    Armen Grigoryan from the Armenian town of Armavir, a customer of Russian-owned VTB Bank (Armenia) has a won a three-day trip for two for 2014 Winter Olympics Games in Russian Sochi

    Four banks and postal operator chosen to operate Armenian pension funds accounts

    Tuesday, December 10th, 2013

    Araratbank, Ardshininvestbank, Armbusinessbank , VTB Bank (Armenia) and HayPost national postal operator have signed agreements with Armenia’s Central Depository to operate pension funds accounts

    Head of National Competitiveness Foundation of Armenia denies rumors about profitability of air transportation business

    Tuesday, December 10th, 2013

    The rumors going around about high profitability of air transportation business has nothing in common with the reality

    Armenian Central Bank’s total external liabilities drop by 4.9 percent from beginning of year to $695.8 million

    Tuesday, December 10th, 2013

    Armenian Central Bank’s total external liabilities dropped by 4.9 percent from the beginning of the year to $695.8 million as of late October

    Armenian dram real effective exchange rate fell 0.78% in October

    Tuesday, December 10th, 2013

    Real effective dram versus foreign currency exchange rate dropped by 0.78% in October against September, says the Central Bank of Armenia monthly information handbook for October 2013

    AMD 270 billion invested in government bonds in Armenia in October 2013 – 2.2% month-on-month decline

    Tuesday, December 10th, 2013

    Aggregate investments in government bonds in Armenia reduced 2.2% in October 2013, compared with the previous month, to AMD 270 billion

    US government lost around $10bn on GM bailout: BBC

    Tuesday, December 10th, 2013

    The US government has sold its remaining shares in General Motors, leaving it with a loss of around $10bn (£6bn) on the bailout of the car maker

    Araratbank attracts $10 million from responsability global microfinance fund for supporting SME

    Tuesday, December 10th, 2013

    Araratbank has attracted $10 million from responsAbility Global Microfinance Fund to foster financing for micro, small and medium businesses, the bank’s press office reported on Monday