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  • Archive for October, 2014

    Armenia posts 2.9% inflation in nine months

    Monday, October 20th, 2014

    Inflation was 2.9% in Armenia in January-September 2014, Armenia’s National Statistical Service (NSS) told ARKA

    Armenia’s commercial banks purchase about $91 mln at intra-banking forex market last week

    Monday, October 20th, 2014

    Armenian commercial banks purchased about $91 million at a weighted average rate of 410.41rams per $1 in intra-banking foreign exchange market on October 13-17, the press service of the Central Bank reported

    Nearly $12.13 mln traded at NASDAQ OMX Armenia stock exchange last week

    Monday, October 20th, 2014

    The Central Bank of Armenia said nearly $12.13 million was traded at NASDAQ OMX Armenia stock exchange from October 13 to October 17. It stood at $10.56 million from October 6-10, according to the report

    Artsakh’s brand to be chosen with support of Artsakhbank

    Friday, October 17th, 2014

    Artsakh’s brand will be chosen with the support of Artsakhbank during the Yerevan International Communications Biennale, the bank’s press office reported on Friday

    Two EFF tranches to Armenia to total 23.48 mln SDR by end of year

    Friday, October 17th, 2014

    IMF’s two tranches to Armenia under the Extended Facility Fund (EFF) will amount to a total of 23.48 million SDR by the end of the year, said the head of IMF Armenia mission Mark Horton after his visit to the country on September 17-30

    VTB Bank (Armenia) reopens three more renovated branches

    Thursday, October 16th, 2014

    VTB Bank (Armenia) said today it has reopened two renovated branches in Nor Nork administrative district of Yerevan and another branch in the town of Charentsavan in central Kotayk province

    Armenian insurance sector’s loss rate on car insurance 58% in September 2014

    Thursday, October 16th, 2014

    Armenian insurance sector’s loss rate on car insurance was 58% in September 2014 against 57% in August 2014, the Car Insurers Bureau of Armenia reports on its website

    WB invested about $2 billion in Armenia’s economy in more than 20 years - minister

    Thursday, October 16th, 2014

    YEREVAN, October 16. /ARKA/. World Bank’s investments in the Armenian economy in more than 20 years totaled about $2 billion, Armenia’s minister of economy Karen Chshmarityan told reporters on Wednesday. Funds were spent mainly on structural and institutional reforms to boost economic development and form market economy, the minister said. During implementation, improvement of living […]

    Inecobank and GNC-ALFA issue new credit card

    Wednesday, October 15th, 2014

    Armenian Inecobank and GNC-ALFA telecom company (trading as Rostelecom) have jointly issued a new credit card for current and new customers of Rostelecom for getting credit lines on favorable terms, Inecobank said in a press release today

    Demand for securities mild at Armenia’s capital market, but signs of growth still seen

    Tuesday, October 14th, 2014

    Demand for securities is mild at Armenia’s capital market, but signs of growth are still seen, Edgar Petrosyan, head of Ameriabank’s division in charge of broker transactions, said in an exclusive interview with ARKA News Agency