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  • Archive for May, 2014

    Araratbank’s securities turnover sees a triple increase from last year

    Tuesday, May 27th, 2014

    Araratbank’s securities turnover rose to 1.5 billion drams in five months of 2014, more than three times as much as in 2013, general director of NASDAQ OMX Armenia Konstantin Saroyan told reporters Monday

    Armenian Central Bank’s interventions in forex aimed at preventing dram revaluation in 2013

    Tuesday, May 27th, 2014

    Interventions by the Central Bank of Armenia in forex market in 2013 aimed at preventing the dram revaluation and supporting exports, head of the Central Bank Artur Javadyan said on Monday

    NASDAQ OMX Armenia stock exchange expects transactions with bonds and shares to double this year

    Monday, May 26th, 2014

    NASDAQ OMX Armenia stock exchange director Konstantin Saroyan told a news conference today that he expects the value of bonds and shares traded on the exchange to double this year

    Armenian banks expect 4.7 percent inflation

    Monday, May 26th, 2014

    Armenian banks expect this year’s inflation to be at 4.7 %, down from their previous forecast of 5.3%, according to a Central Bank of Armenia report on inflation

    Central Bank revises downwards its growth projection for Armenia to 4.1%-4.8 %

    Monday, May 26th, 2014

    The Central Bank of Armenia said in a report that it has revised downwards its recent GDP growth projection to 4.1%-4.8 % from 5.4%-6.1 %

    Dollar-dram foreign exchange transactions totaling $7 million effected at NASDAQ OMX Armenia last week

    Monday, May 26th, 2014

    Dollar-dram foreign exchange transactions totaling $7 million effected at NASDAQ OMX Armenia over a period between May 19 and 23, while the forex deals made at this stock exchange between May 12 and 16 totaled $3.5 million, the press office of the Central Bank of Armenia reports

    Gold price in Armenia drops by 0.2% to 15,825 drams

    Monday, May 26th, 2014

    The State Depository of Precious Stones and Metals Agency, an affiliation of the Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for this week

    Converse Bank granted status of account operator of funded pension system

    Monday, May 26th, 2014

    Starting from May 21, 2014 “Converse Bank“ cjsc was granted the status of account operator of the funded pension system. As an account operator Converse Bank will service funded pension system participants

    About 3.3bln drams paid in car insurance compensation in Armenia in January-April

    Monday, May 26th, 2014

    Armenia’s insurance companies paid about 3.3 billion drams in a total of 17,824 compensations on compulsory third-party motor insurance in January-April 2014, a decrease of 8.2% compared to the same period of the year before

    Twelve-month inflation expected between 2.5% and 5.5% in Armenia in 2014 – Central Bank

    Monday, May 26th, 2014

    The Central Bank of Armenia projected the 12-month inflation to be within 2.5-5.5% during the year 2014, says the Central Bank’s report on inflation based on monetary-credit policy for Q2 and the performance report for Q1