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  • Archive for September 28th, 2015

    Cost of U.S. dollar rises by 0.46 points against Armenian dram

    Monday, September 28th, 2015

    The cost of US Dollar has grown today by 0.46 points against Armenian national currency from September 25 to 475.81 drams, the central bank reported

    Some $5.2 million traded at NASDAQ OMX Armenia last week

    Monday, September 28th, 2015

    A total of $5.2 million were traded at NASDAQ OMX Armenia stock exchange from September 22 to 25. This compares with $300,000 worth transactions effected at the exchange in the previous week, the Central Bank of Armenia said

    Armenian banks bought $67 million from local forex market in four days

    Monday, September 28th, 2015

    Armenian commercial banks bought a total of $66.9 million from local forex intra-market on September 22-25 at the weighted average exchange rate of 475.47 drams per $1, the press service of the Central Bank said

    Bank of Cyprus completes sale of its 100% stake in Uniastrum to Artem Avetisyan

    Monday, September 28th, 2015

    Russian business daily ‘Kommersant’ said the Bank of Cyprus has completed the sale of its 100% stake in its Russian subsidiary – Uniastrum – to Artem Avetisyan (ethnic Armenian businessman, based in Russia), for 7 million euros

    Armenian 2016 budget deficit to be 3.5% of GDP, IMF

    Monday, September 28th, 2015

    Armenia’s budget deficit in 2016 will make 3.5% of GDP, Chief of IMF Mission to Armenia, Mark Horton, told a last Friday news conference

    Armenian dram set to gain strength in coming weeks

    Monday, September 28th, 2015

    Armenian dram is set to gain slightly in strength in the coming weeks, Chief of IMF Mission to Armenia, Mark Horton, told Armenian reporters last Friday