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  • Archive for May, 2015

    Armenia’s inflation 5% in January-April

    Wednesday, May 20th, 2015

    Consumer prices rose by 5% in Armenia in January-April this year, compared to the same period of 2014, the National Statistical Service told ARKA

    ARKA News Agency releases fresh issue of ‘Insurance Companies of Armenia’, Q1

    Wednesday, May 20th, 2015

    ARKA News Agency has released a fresh issue of its regular bulletin “The Insurance Companies of Armenia” for the first quarter of 2015

    Armenia’s insurance companies posted 631.6 mln drams in net profit in Q1

    Wednesday, May 20th, 2015

    Armenia’s insurance companies posted 631.6 million drams in net profit as of the end of the first quarter 2015, as compared to 900.5 million in profit in the same period of the year before, according to ARKA’s “Insurance companies of Armenia” quarterly bulletin for Q1 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