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  • Archive for July, 2015

    VTB Bank (Armenia) refunds part of interest to faithful customers

    Friday, July 31st, 2015

    About 1,000 customers of VTB Bank (Armenia), who had made their installment repayments in good faith, were refunded part of interest as part of “Super Rate» service

    Armenia's monetary base shrinks 5.1% to AMD 818 billion in June

    Friday, July 31st, 2015

    Armenia’s monetary base shrank 5.1% in June 2015, compared with the previous month, to about AMD 818 billion, the National Statistical Service of Armenia reports referring to the central bank’s preliminary figures

    Armenia's money stock grows 0.5% to AMD 1 686.9 billion in June

    Friday, July 31st, 2015

    Armenia’s money stock grew 0.5% over June 2015 to AMD 1 686.9 billion, the National Statistical Service of Armenia reports referring to the central bank’s preliminary figures

    Greece denied IMF bailout package: what next?

    Friday, July 31st, 2015

    The board of the International Monetary Fund decided Wednesday that Greece was disqualified for any IMF bailout given its high debt levels and poor reform record, vestifinance.ru reports referring to The Financial Times

    VTB bank (Armenia) and Unistream launch 'Successful Money Transfer' campaign

    Thursday, July 30th, 2015

    VTB Bank (Armenia) and Unistream company have launched today a special campaign dubbed ‘Successful Money Transfer’ designed for the bank’s individual customers

    EBRD places fourth issue of dram coupon bonds worth AMD 2 billion

    Thursday, July 30th, 2015

    The European Bank for Reconstruction and Development has successfully placed the fourth issue of dram coupon bonds (EBRDB4) worth AMD 2 billion with a floating interest rate at NASDAQ OMX Armenia, the press office of the stock exchange reported on Wednesday

    AMD 22.5 billion sent to Armenia's government budget by commercial banks in Jan-June 2015

    Thursday, July 30th, 2015

    All the commercial banks operating in Armenia’s territory (21 banks) are included in the list of the country’s 1000 biggest taxpayers – they transferred around AMD 22.5 billion in Jan-June 2015 against the same period a year earlier, the government-affiliated State Revenue Committee reports on its website

    Armenian economist says EEU member states should switch to mutual settlements in national currencies

    Thursday, July 30th, 2015

    In an interview with ARKA news agency Professor Ashot Tavadyan said members of the Eurasian Economic Union (EEU) should switch to mutual settlements of accounts for energy resources in their national currencies

    Currency fluctuations do not have impact on the rise in electricity prices, Ashot Tavadyan says

    Thursday, July 30th, 2015

    Currency fluctuations do not have a significant impact on the rise in electricity prices in Armenia, Professor Ashot Tavadyan said in an interview with ARKA news agency when presenting the findings of a relating research conducted by a team of experts led by him

    Eurasian fund for stabilization and development expects armenian economic growth to slow down to 0.8 percent

    Tuesday, July 28th, 2015

    Armenia’s economic growth in 2015 may slow down to 0.8%, according to Artak Azizyan, head of a department at the Eurasian Fund for Stabilization and Development, managed by the Eurasian Development Bank