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    May 2015
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  • Archive for May 19th, 2015

    Armenian universal credit organizations report 17 percent rise in first quarter net profit

    Tuesday, May 19th, 2015

    In the first quarter of this year 32 Armenia-based universal credit organizations earned a total 2.030.7 billion drams in net profits, a 17.2% year-on-year rise, according to a ranking compiled by ARKA news agency

    Prices for vital foods 2-3 times higher from market prices in Armenia - newspaper

    Tuesday, May 19th, 2015

    Prices for 11 key foodstuffs in Armenia were the double or triple of the market prices in 2008-2013, say Hayk Sargsyan and Ashot Markosyan, the authors of the book entitled “Transformation and development prospects of the Armenian economy”, according to “Hraparak” newspaper

    National Assembly passes in first reading a central bank-proposed bill that doubles the size of insured individual deposits

    Tuesday, May 19th, 2015

    Armenia’s National Assembly has passed today in the first reading a Central Bank-proposed bill that calls for a dramatic increase in the size of insured individual bank deposits both in the national currency, the dram and in foreign currency

    Bulk of complaints filed against insurance companies, financial ombudswoman says

    Tuesday, May 19th, 2015

    The bulk of complaints filed by Armenian citizens to the office of the financial ombudswoman is about poor work of insurance companies, concerning, particularly, the mandatory insurance of vehicles, financial ombudswoman Piruz Sarkisian said today

    Ecotomato Company opens new Greenhouse with support from VTB Bank (Armenia)

    Tuesday, May 19th, 2015

    YEREVAN, May 18. /ARKA/. Ecotomato Company, under support from VTB Bank (Armenia), has opened a new greenhouse for growing Dutch roses, the press office of VTB Bank (Armenia) reported on Friday. The opening ceremony was attended by Armenian President Serzh Sargsyan, other high-ranking officials, the administration of the VTB Bank (Armenia) and business people. Yuri […]

    IMF – Caucasian and Asian Economies should be diversified away from reliance on oil and remittances

    Tuesday, May 19th, 2015

    The International Monetary Fund (IMF) has lowered the GDP growth projection for the Caucasus and Central Asia by 2 percentage points for 2015

    Gold price declines amid dollar strength

    Tuesday, May 19th, 2015

    Gold price is dropping on Tuesday amid the strengthening of US dollar, according to the trading data

    Central Bank: 60% of Armenia’s population aware of financial ombudsman, but prefer courts

    Tuesday, May 19th, 2015

    Armenian citizens are aware of the financial ombudsman’s services in the country, but prefer to assert their rights through the courts, the head of trustees’ board of Armenia’s Ombudsman Office and member of the central bank board Armenak Darbinyan said at the sixth international conference on financial ombudsman’s services in Yerevan on Tuesday