A recent study by the International Monetary Fund (IMF) titled, ‘Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?’ estimates Armenia’s informal (shadow) economy at 36% of its overall GDP
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Archive for February, 2018
IMF estimates Armenia’s informal economy at 36% of GDP
Wednesday, February 7th, 2018Conversebank announces coupon payment on dram bonds
Tuesday, February 6th, 2018The Yerevan-based Conversebank announced coupon payments on Dram-denominated bonds (COVSB3, issue 2017-2). It said the total amount of coupon payments made 52.5 million drams
Consumer prices in Armenia 2.7% up in January 2018
Tuesday, February 6th, 2018Consumer prices in Armenia rose 2.7% in January 2018, compared with January 2017, the National Statistical Service reported on Tuesday
Stepan Gishyan charity foundation of ACBA-CREDIT AGRICOLE BANK announces call for grant applications
Monday, February 5th, 2018The Stepan Gishyan charity foundation run by the ACBA-CREDIT AGRICOLE BANK, has announced a call for grant applications. According to a bank’s press release, the maximum amount of a grant is 5 million drams
Stepan Gishyan Foundation of ACBA-CREDIT AGRICOLE BANK donates minibus to Full Life charity
Monday, February 5th, 2018The Stepan Gishyan Foundation of ACBA-CREDIT AGRICOLE BANK has donated a specially equipped minibus to the Full Life charitable organization that takes care of children with musculoskeletal disorders
Euro exchange rate reaches 600 drams
Friday, February 2nd, 2018The Euro was trading in Armenia today at 600.58 drams, the highest exchange rate since 2005, the Central Bank said. The Euro exchange rate has been growing steadily since January 24th
Armenian banks paid 40.5 billion drams in taxes in 2017
Thursday, February 1st, 2018The list of Armenia’s 1000 largest corporate taxpayers in 2017 includes all 17 commercial banks operating in the country, which paid about 40.5 billion drams in taxes, up from 34.4 billion drams paid in 2016, the State Revenue Committee said
Individual noncommercial remittances to Armenia show 14.5% growth in 2017
Thursday, February 1st, 2018Over $1 756.4 million came to Armenia through banks in 2017 as individual noncommercial remittances – 14.5% or $223.6 million more than one year before, the Central Bank of Armenia reports on its website
