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    March 2015
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  • Archive for March, 2015

    Private remittances to Armenia slash by 35.5 % in 2015 February

    Tuesday, March 31st, 2015

    Private remittances sent to Armenia mainly by Armenian labor migrants via banks for non-commercial purposes slashed by 35.5 % in 2015 February when compared to 2014 February to $68.1 million

    WB country manager for Armenia says proceeds from second issue of Eurobonds should be used to stimulate economy

    Tuesday, March 31st, 2015

    Proceeds raised from the second issue of Eurobonds should be used to stimulate the economy, World Bank country manager for Armenia Laura Bailey said today

    Eurasian Development Bank intends to implement new investment projects in Armenia

    Tuesday, March 31st, 2015

    The Eurasian Development Bank is now making necessary preparations for lending $220 million to Armenia and Kyrgyzstan for implementation of four investment projects, Dmitry Pankin

    Transformation of foreign currency loans into dram loans may pose threat to Armenia's banking sector - Chzmachyan

    Tuesday, March 31st, 2015

    Samvel Chzmachyan, chairman of the Union of Banks of Armenia, finds it wrong to demand banks to convert the loans extended in foreign currencies into dram loans, especially by using administrative levers

    World Bank to provide $52 mln to Armenia for power supply improvements

    Tuesday, March 31st, 2015

    Executive directors of the World Bank approved today the $52 million loan for the Electricity Transmission Network Improvement Project (ETNIP) for Armenia, the WB website reports

    ACBA-CREDIT AGRICOLE BANK supports conduct of Armenian genocide exhibition in Paris municipality

    Monday, March 30th, 2015

    With the support from ACBA-CREDIT AGRICOLE BANK the Yerevan-based Genocide Museum-Institute will stage an updated exhibition in Paris Municipality. Entitled “Armenia 1915” the exhibition will be on display in the municipality from April 29 to July 4

    Former head of Central Bank: Armenia may fail to repay its foreign liabilities

    Monday, March 30th, 2015

    Armenia, with its present government reserves, may fail to repay its foreign liabilities, Bagrat Asatryan, former head of the central bank says in his ‘Armenia in Anticipation of New Crunch’ analysis published in Chorrrord Ishkhanutyun Newspaper

    Armenia’s Central Bank buys $1 million at NASDAQ OMX Armenia

    Monday, March 30th, 2015

    Armenia’s Central Bank said today it had bought $1 million on March 23-29 at NASDAQ OMX Armenia stock exchange paying the average 472.08 drams per $1

    Flocks of Iranian tourists help Armenian dram regain a little, newspaper

    Monday, March 30th, 2015

    The influx of Iranian tourists, who arrive in Armenia in late March to celebrate the Iranian New Year-Nowruz- has helped the Armenian national currency, the dram, to regain its value a little, according to Armenian newspaper “168 Hours” (168 hours)

    Nearly $23.65 mln traded at NASDAQ OMX Armenia stock exchange last week

    Monday, March 30th, 2015

    The Central Bank of Armenia said nearly $23.65 mln was traded at NASDAQ OMX Armenia stock exchange from March 23 to 27, 2015