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  • Archive for June, 2017

    Central bank released 28.9 billion drams to support mortgage programs in 2016

    Monday, June 26th, 2017

    In 2016 Armenia’s Central Bank released a total of 28.9 billion drams to finance mortgage programs

    Money transfers to Armenia slash by 38 percent over last three years

    Monday, June 26th, 2017

    The amount of money transfers sent to Armenia mostly by labor migrant in Russia and some other countries has slashed by 38 percent over the past three years, finance minister Vardan Aramyan

    Asian Development Bank ready to expand cooperation with Armenia

    Friday, June 23rd, 2017

    The Asian Development Bank (ADB) is ready to expand cooperation with Armenia and provide additional assistance, Sean O’Sullivan, Director General for Central and West Asia Department

    Fitch Ratings assigns ACBA-CREDIT AGRICOLE BANK long-term issuer default rating at "B +" with stable outlook

    Friday, June 23rd, 2017

    The international Fitch Ratings has assigned the ACBA-CREDIT AGRICOLE BANK a long-term Issuer Default Rating (IDR) at “B +” with a stable outlook, the bank’s press service reported today. The Yerevan-based bank attributed the assessment to its internal financial viability

    Armenian Central Bank head off to Basel

    Thursday, June 22nd, 2017

    The chairman of the Central Bank of Armenia Artur Javadyan has left for Basel in Switzerland to participate in the annual 87th meeting of the Bank for International Settlement

    Government bonds worth AMD 5 billion auctioned at NASDAQ OMX Armenia

    Wednesday, June 21st, 2017

    Government bonds of AMGN60294227 series and the total cost of AMD 5 billion have been presented for auction at NASDAQ OMX Armenia, the press office of the stock exchange reported on Tuesday

    Yerevan hosted international Fintech conference and general meeting of international association of exchanges of CIS countries

    Wednesday, June 21st, 2017

    On June 15, 2017, NASDAQ OMX Armenia held an international conference on “FinTech in the Stock Exchange industry” in Yerevan, Armenia. 23 companies from 8 countries were present at the conference

    Armenia’s economic prospects are positive for following years, expert says

    Tuesday, June 20th, 2017

    Armenia’s economic prospects for the next few years are positive, Alexey Cherekaev, a project group director at the Eurasian Fund for Stabilization and Development (EFSD), said in an interview with ARKA news agency

    Unibank improves U-Cash loan terms

    Tuesday, June 20th, 2017

    Prompted by the growing demand for U-Cash consumer loans, the Yerevan-based Unibank has revised and substantially improved the terms of this loan agreement, the press service of the bank reported today

    EFSD has provided $490 million to finance infrastructure projects in Armenia

    Tuesday, June 20th, 2017

    The Eurasian Fund for Stabilization and Development (EFSD) has provided $490 million to finance a string of infrastructure projects in Armenia, Alexey Cherekaev, an EFSD project group director, said in an interview with ARKA news agency