The U.S. economy is strengthening and an interest rate increase in June remains a possibility, Federal Reserve Bank of Cleveland President Loretta Mester said in an interview on Bloomberg Television in Paris on Monday
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Archive for March, 2015
Mester: Federal reserve may raise rates in June
Tuesday, March 24th, 2015Eurasian economic union not ready to embrace Armenia into its single currency union- expert says
Monday, March 23rd, 2015A Russian economist Alexander Knobel told a video news conference today that Russia, Kazakhstan and Belarus, the three members of the Eurasian Economic Union (EEU) are not ready yet to embrace Armenia, the fourth member, in a single currency union they plan to create
Armeconombank raises its regulatory capital by 1.2 billion drams
Monday, March 23rd, 2015Armenian Armeconombank said today it has channeled part of its long-term subordinated loan into replenishing its regulatory capital by 1.2 billion drams. The main shareholder of Armeconombank, Eduard Sukiasyan, replenished the regulatory capital on March 20
VTB Bank (Armenia) finances construction of modern Green House
Monday, March 23rd, 2015VTB Bank (Armenia) together with Ameriabank has financed the construction of a modern greenhouse in the village of Shahumyan, Ararat region. The inauguration of the facility called ‘Green House” last Saturday was attended by president Serzh Sargsyan, French and Russian ambassadors as well as the acting ambassador of Italy, senior managers of VTB Bank (Armenia) and business people, VTB Bank (Armenia) said in a press release
Union of Banks of Armenia: 10-15 years required for introducing single EEU currency
Monday, March 23rd, 2015Introducing a single Eurasian Economic Union (EEU) currency will require a long period of time, some ten to fifteen years, head of the Union of Banks of Armenia Samvel Chzmachyan said in his interview to ARKA
Even slight movement forward by Armenian banks amid current economic difficulties to be considered as progress - Chzmachyan
Friday, March 20th, 2015Even a slight movement forward by Armenian banks this year amid current economic difficulties will be considered as progress, Samvel Chzmachyan, chairman of the Union of Banks of Armenia, said in an interview with ARKA News Agency
Armenia posts 4.8% inflation in January-February
Friday, March 20th, 2015Armenia’s inflation level was 4.8% in January-February this year, as compared to the same period of 2014, the National Statistical Service (NSS) told ARKA
VTB Bank (Armenia) offers special terms for new recurring deposits
Friday, March 20th, 2015VTB Bank (Armenia) is offering special terms to its clients who open recurring deposits, the bank’s press office reported
Armenia will successfully sell second issue of Eurobonds- economist says
Friday, March 20th, 2015Tatul Manaseryan, head of a Yerevan-based think tank called ‘Alternative’, said to ARKA that a market study suggests there are all grounds for the government to sell successfully $500 million Eurobonds
