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  • Archive for October, 2016

    Armenia expects modest growth in remittances next year- minister says

    Monday, October 31st, 2016

    Armenia expects a modest growth in the volume of remittances in 2017, the bulk of which is sent by Armenian labor migrants working in the Russian Federation, finance minister Vardan Aramyan said today during a parliamentary hearing of the next year’s draft budget

    ACBA-CREDIT AGRICOLE BANK inaugurates its 57th branch

    Monday, October 31st, 2016

    ACBA-CREDIT AGRICOLE BANK has inaugurated today its 57th “Shinararneri” branch, located at 15, Shinararneri Street in Ajapnyak administrative district of the capital city Yerevan

    Armenian banks' taxes for 9 months fell by 11.4% year-on-year

    Monday, October 31st, 2016

    The list of Armenia’s 1000 largest corporate taxpayers for the first 9 months of 2016 includes all 19 commercial banks operating in the country, which paid a total of 28.2 billion drams in various taxes

    Armenia’s monetary base in September 2016 was up 5.4% from August

    Monday, October 31st, 2016

    Armenia’s monetary base in September 2016 increased by 5.4% from the previous month of August to about 897.9 billion drams, the National Statistical Service (NSS) reported citing the preliminary data of the Central Bank

    Around $110 million bought by Armenian banks last week

    Monday, October 31st, 2016

    Armenia’s commercial banks bought more than $110 million from the local foreign currency market on October 24 to 28 at the average weighted exchange rate of 474.77 drams per one USD

    No dollar sale-purchase transactions at NASDAQ OMX Armenia stock exchange last week

    Monday, October 31st, 2016

    No dollar sale-purchase transactions have been effected at NASDAQ OMX Armenia stock exchange over a period between October 24 and 28, the press office of the Central Bank of Armenia reports

    Economic growth is projected at 3.2% in Armenia’s 2017 draft government budget

    Monday, October 31st, 2016

    In Armenia’s draft government budget for 2017, economic growth is projected at 3.2%, Karen Karapetyan, Armenian prime minister, said Monday while presenting the draft budget to the parliamentary commissions

    Gagik Minasyan: three reasons behind Armenian budget shortfall

    Friday, October 28th, 2016

    According to Gagik Minasyan, the chairman of an Armenian parliamentary committee on finance and budget issues, there are three major reasons behind the predicted 60 billion budget shortfall this year

    Prometey Bank’s authorized capital built up by AMD 3 billion 550 million

    Friday, October 28th, 2016

    Prometey Bank added AMD 3 billion 550 million to its authorized capital on Wednesday, the bank’s press office reports

    Russia’s and Armenia’s state-owned repositories of precious stones and metals (Gokhran) sign cooperation memorandum

    Thursday, October 27th, 2016

    Russia’s and Armenia’s state-owned repositories of precious stones and metals (Gokhran) have signed today in Yerevan a memorandum of cooperation, the Armenian ministry of finance reported after a meeting with a Russian Gokhran delegation, visiting Armenia