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  • Archive for October, 2014

    Armenia’s gross international reserves shrink 5% to $1663.1 million in late September 2014

    Friday, October 31st, 2014

    Armenia’s gross international reserves totaled $1663.1 million in late September 2014 after shrinking 5% over the month, the Central Bank of Armenia reports.

    Inflation in Armenia to stand at 2.5% in 2014 and at 4% in 2015 - IMF

    Friday, October 31st, 2014

    Inflation in Armenia will stand at 2.5% in 2014 coming close to the bottom benchmark of the projected range 4% (±1.5%), and in 2015 it will reach 4% entering the projected frames, Teresa Daban Sanchez, the International Monetary Fund Resident Representative in Armenia, told journalists on Friday

    Six Armenian insurance companies among 1000 largest corporate taxpayers in third quarter

    Friday, October 31st, 2014

    Six Armenian insurance companies were among the 1000 largest corporate taxpayers in the third quarter of 2014, paying a total of 1.6 billion drams in various taxes, the State Revenue Committee said today. It said also 97.5% of the paid taxes or 1.57 billion drams were direct taxes

    Armenia may raise level of budget deficit to 2.3% of GDP, IMF resident representative says

    Friday, October 31st, 2014

    Armenia may raise the level of its budget deficit to 2.3% of GDP, instead of the earlier projected 2%, IMF Resident Representative in Armenia, Teresa Daban Sanchez, said at a news conference today

    Anelik Bank’s Mastercard and Maestro cardholders have opportunity to win smartphones

    Friday, October 31st, 2014

    MasterCard and Maestro cardholders of Anelik Bank have the chance to win 7 Sony Xperia smartphones, the bank’s press office reported

    Regulator: inflation in Armenia to return to projected rate in early 2015

    Wednesday, October 29th, 2014

    Inflation in Armenia will return to the projected rate 4% (±1.5%) in the beginning of the next year, Arthur Javadyan, head of the Central Bank of Armenia said today during budgetary hearings in the National Assembly

    Central Bank’s administrative expenditures to total 6.54bln drams in Armenia in 2015

    Wednesday, October 29th, 2014

    According to the 2015 draft budget, the Armenian central bank’s administrative expenditures will amount to 6.54 billion drams, a 3% increase from the 2014 level, head of the central bank Artur Javadyan said at the budget hearing in the parliament on Tuesday

    Armenia expected to receive AMD 26.2 billion next year from other countries and international organizations in grants

    Tuesday, October 28th, 2014

    Armenia is expected to receive AMD 26.2 billion from other countries and international organizations in 2015 in grants, Pavel Safaryan, the first deputy finance minister, said Tuesday while discussing the 2015 draft budget with the National Assembly’s committees

    Regulator: Armenia’s gross international reserves meet all sufficiency criteria more than necessary

    Tuesday, October 28th, 2014

    Armenia’s gross international reserves meet all sufficiency criteria more than needed, the Central Bank of Armenia says in its ‘Adequacy of Armenia’s International Reserves’ study

    Armenia’s gross international reserves slid 6.7% in third quarter

    Tuesday, October 28th, 2014

    Armenia’s gross international reserves fell by 6.7% to $1,663 million in the third quarter, says the study on international reserve adequacy by the central bank