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    October 2019
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  • Archive for October 31st, 2019

    In 2019 Armenia's public debt to make 50.3% of its GDP

    Thursday, October 31st, 2019

    Armenian government’s public debt at the end of 2019 will stand at $6.94 billion, making 50.3% of its GDP, First Deputy Minister of Finance Karen Brutyan told a parliamentary hearing on the 2020 draft budget today. He specified that as of September 30, 2019, the public debt was worth $6.539 billion

    Loan interest rates are gradually moving down in Armenia

    Thursday, October 31st, 2019

    Loan interest rates are gradually moving down in Armenia, Mher Abrahamyan, chairman of the Union of Banks of Armenia, told journalists on Wednesday. In his words, the downward movement of interest rates is seen either on loans in the national currency or on loans in foreign currencies, and this drives banks’ margin down