The government of Armenia has approved today a set of changes to more than a dozen laws, which provide for the closure of so-called off-budget accounts of government agencies
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Archive for June, 2019
Off-budget accounts of government bodies to be closed
Thursday, June 6th, 2019More than 19 billion drams worth transactions effected at Armenia’s securities exchange in the first quarter of 2019
Thursday, June 6th, 2019More than 19 billion drams worth transactions were effected at Armenia’s Securities Exchange in the first quarter of 2019, down 4.1 percent from the same time span of 2018, the National Statistical Committee (NSC) said
Armenia creates its own national payment and settlement system
Thursday, June 6th, 2019Armenia has created its own national payment and settlement system, called Stak Transfer, the Central Bank chairman Artur Javadyan said on June 5 in parliament
No restrictions for money transfers to Armenia from Russia and Kazakhstan – regulator
Thursday, June 6th, 2019The Central Bank of Armenia has denied rumors about restrictions on fast individual money transfers to Armenia from Russia and Kazakhstan. It said Wednesday that it contacted partner organizations and was assured that there were no any restriction for transfers to Armenia, and the existing restrictions set by regulating organizations don’t apply to countries, especially to Armenia
ArmSwissbank’s bonds worth $5 million listed at AMX Armenia Securities Exchange
Thursday, June 6th, 2019ArmSwissbank listed Wednesday its USD-denominated bonds (SWISB2A) totaling $5 million in Bbond at AMX Armenia Securities Exchange, the securities exchange reports on its website
Banks’ lending to organizations shrinks 0.61% in Armenia
Thursday, June 6th, 2019The loans provided by banks totaled AMD 3 235.3 billion in late April 2019 after growing 1.1% or by AMD 35.1 billion over one month, the Central Bank of Armenia reports
Armenia’s public debt-to-GDP ratio in 2018 was 55.8%
Wednesday, June 5th, 2019Armenia’s public debt-to-GDP ratio in 2018 was 55.8%, up from the projected 54.2%, Armenian Finance Minister Atom Janjughazyan said today in parliament, which convened to look into the execution of the state budget last year
World Bank new regional director for South Caucasus introduced to Armenian deputy prime minister
Wednesday, June 5th, 2019Armenian Deputy Prime Minister Mher Grigoryan received today a World Bank delegation, led by the current WB Regional Director for the South Caucasus Mercy Tembon, who introduced her replacement Sebastian Molineus. Sylvie Bossoutrot, World Bank Country Manager for Armenia was also in attendance
Central bank chairman names reasons behind 2018 growth
Wednesday, June 5th, 2019According to the chairman of the Central Bank of Armenia Artur Javadyan, the fiscal policy of the country in 2018 was based on the new rules, in which the main emphasis was placed on balancing the stability of the national debt, which suggests in turn cuts on public debt and the budget deficit
Armenian bank deposits up to over three trillion drams
Wednesday, June 5th, 2019At the end of April 2019, total deposits in Armenia-based commercial banks stood at 3,040,9 trillion drams, an increase of 61.5 billion drams or 2.1% from the previous month, according to the Central Bank
