YEREVAN, April 3. /ARKA/. Media reports about devaluation of dram by arrangement with the government are groundless and absurd, Harut Kbeyan, spokesman of the Central Bank of Armenia, posted on his Facebook page. Zhamanak reported today that the government and the regulator decided to devaluate the Armenian national currency by 20 drams to spur the […]
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Archive for April 3rd, 2019
Armenian central bank calls media reports about devaluation of dram by arrangement with government absurd and groundless
Wednesday, April 3rd, 2019First quarter inflation is 1.5 percent in Armenia
Wednesday, April 3rd, 2019YEREVAN, March 5. /ARKA/. First quarter inflation in Armenia was 1.5%, according to official statistics. Food products, including alcoholic beverages and tobacco products increased by 2.6% in January-March 2019 as opposed to January-March 2018, while prices for non-food products and services increased by 0.8% and 0.4%, respectively. In March 2019, consumer prices rose by 1.9%, […]
Ingo Armenia CEO: life insurance companies and new pension funds manager to emerge in Armenia
Wednesday, April 3rd, 2019YEREVAN, April 3. /ARKA/. In 2018 Armenia-based insurance companies saw their profit drop considerably for the second year in a row. Nonetheless, despite that negative trend, the companies developed and introduced a set of new services. Besides, the government has launched this year a pilot agricultural insurance program, as the introduction of compulsory health insurance […]
EFSE and ACBA-CREDIT AGRICOLE BANK to expand access to finance for Armenian entrepreneurs
Wednesday, April 3rd, 2019YEREVAN, April 3. /ARKA/. Today the European Fund for Southeast Europe (EFSE) provided a local currency loan equivalent to USD 10 million to partner ACBA-CREDIT AGRICOLE BANK to support the bank’s efforts in expanding access to finance for micro and small enterprises (MSEs) in Armenia, EFSE said in a press release. It said the facility […]
US dollar ups by 0.05 points over Armenian dram
Wednesday, April 3rd, 2019YEREVAN, April 2 /ARKA/. The average market exchange rate of the US dollar against the Armenian dram has upped today by 0.05 points from April 1 to 486.47 drams, the Central Bank said. It also said the Euro has dropped from 546.54 drams to 544.99 drams and the Russian ruble has fallen from 7.44 drams […]
