The draft 2020 budget of the Armenian government projects a deficit to the tune of 183 billion drams or 2.6% of the GDP, Minister of Finance Atom Janjugazyan said today during a discussion of the draft budget by parliamentary standing committees
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Archive for October, 2019
Armenian government's 2020 budget deficit set at 183 billion drams
Monday, October 28th, 2019Armenia-based commercial banks report growth in all major indicators
Monday, October 28th, 2019In the first 9 months of 2019 Armenia-based commercial banks reported growth in all major indicators, according to their reports, published in accordance with International Financial Reporting Standards (IFRS)
4.9% GDP growth projected in Armenia's 2020 draft government budget
Monday, October 28th, 2019At Armenia’s government budget for 2020, GDP growth is projected at 4.9%, Finance Minister Atom Janjughazyan said Monday at the discussion of the government budget at the National Assembly’s standing committees. In the 2019 government budget, economic growth is projected at 4.9% and inflation at 2.7%
IBEC provides of €3.5 million to Ardshinbank as pre-export financing
Friday, October 25th, 2019For the first time, Ardshinbank has implemented a trade finance deal with the International Bank for Economic Cooperation (IBEC) under the General Financing Agreement signed in September 2019, the press office of Ardshinbank reported on Friday
Armenia, Germany expand financial cooperation
Friday, October 25th, 2019Armenian Finance Minister Atom Janjughazyan received Friday German Ambassador to Armenia Michael Johannes Banzhaf, the press office of the ministry reports.
Current cooperation and prospects for its development were discussed at the meeting along with other issues
Armenian economy minister discusses cooperation expansion prospects with ADB director
Friday, October 25th, 2019Armenian Economy Minister Tigran Khachatryan received Friday an Asian Development Bank delegation headed by ADB Country Director Paolo Spantigati, the press office of the Armenian economy ministry reports
Armenian central bank's forex reserves stand now at record $487.7 million
Thursday, October 24th, 2019Armenian Central Bank’s forex reserves stand now at record $487.7 million, Prime Minister Nikol Pashinyan told the parliament today. He said the regulator replenished the forex reserves to this ‘unprecedented’ level after buying a substantial amount of foreign currency
UBA president finds it necessary to reform justice system to improve investment environment in Armenia
Tuesday, October 22nd, 2019President of the Union of Banks of Armenia (UBA) Mher Abrahamyan finds correction of a number of faults an important step on the way of improvement of investment environment in the country and protection of interests of domestic and foreign investors. He is quoted by the union’s press office as saying in an interview that the mission of the Central Bank of Armenia in very important in the process of rooting out these problems
UBA head speaks about legislative changes relating to bank secrecy
Tuesday, October 22nd, 2019President of the Union of Banks of Armenia (UBA) Mher Abrahamyan said in an interview to whom the amendment to the law on bank secrecy will not apply, the press office of the union reports
IMF and Armenia's central bank to conduct joint scientific conference in Dilijan in 2020
Monday, October 21st, 2019An Armenian delegation made up of Armenian Vice Premier Mher Grigoryan, Central Bank Chairman Arthur Javadyan, Chief of the Central Bank’s Financial System Development Division Andranik Grigoryan and Head of Dilijan Education and Research Center Armen Nurbekyan, has had a number of meetings in Washington on the sidelines of the annual session of the governing boards of the World Bank (WB) and International Monetary Fund (IMF)
