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  • Archive for March, 2016

    Gold buying price ups 1.33% in Armenia

    Tuesday, March 22nd, 2016

    The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry

    Moody’s expect Armenian real GDP growth to decelerate to 2.2% in 2016

    Tuesday, March 22nd, 2016

    Moody’s Investors Service said today that after benefiting from one-time boosting effects in the agriculture and mining sectors

    Armenian banks bought about $54 million last week at local Forex market

    Monday, March 21st, 2016

    From March 14 to March 18 all Armenia-based banks bought about $53.89 million at the local forex market at the average weighted exchange rate of 486.17 drams per $1, the Central Bank said

    Moody’s downgrades Armenia’s government bond rating to B1, but upgrades outlook to stable from negative

    Monday, March 21st, 2016

    Moody’s Investors Service, (“Moody’s”) downgraded Friday Armenia’s long-term issuer and senior unsecured debt ratings to B1 from Ba3. Concurrently

    Armeconombank's normative capital to amount to AMD 23 billion after merger with BTA Bank

    Monday, March 21st, 2016

    Armeconombank’s normative capital will amount to AMD 23 billion after merger with BTA Bank, the pres office of Armeconombank reported on Friday

    Interests on dram deposits up in Armenia in February as on dram loans down

    Friday, March 18th, 2016

    Interest rates on dram deposits went down in Armenia in February 2016 as those on dram loans went up, according to the central bank’s figures

    Unibank introduces ProtoCRM system

    Friday, March 18th, 2016

    The Yerevan-based Unibank said today it plans to completely switch to a new CRM-system, developed by Protobase Laboratories, before the end of May

    VTB Bank (Armenia) to build up its lending in Armenian drams

    Thursday, March 17th, 2016

    VTB Bank (Armenia) intends to build up this year its lending in Armenian drams in retail segment and to maintain the current amount of its corporate loan portfolio

    EBRD to assist Armenia in developing capital market

    Thursday, March 17th, 2016

    The Central Bank of Armenia, the Armenian Ministry of Finance and the European Bank for Reconstruction and Development signed a memorandum on Wednesday

    Armenian users began online signature collection campaign for full launch of PayPal payment system

    Wednesday, March 16th, 2016

    Armenian users began an online signature collection campaign for the full launch of the PayPal payment system in the country