Archives by Month:


  • Calendar

    June 2020
    M T W T F S S
  • Archive for June, 2020

    Armenian central bank chairman: cutting refinancing rate prompted increased demand for loans

    Tuesday, June 30th, 2020

    The decision of the Central Bank of Armenia to cut the refinancing rate to 4.5% has prompted an increased demand for loans, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday

    HSBC Group and Jinishian Memorial Foundation allocate USD149,000 for a joint program to create jobs in regions of Armenia

    Monday, June 29th, 2020

    The 26th of June, 2020 marked a remote launch of the program on “IT and Entrepreneurship Skill Improvement among Unemployed Population to Promote the Economic Development of Armenian Regions” implemented by Jinishian Memorial Foundation and funded by HSBC Group. The overall budget of the program is USD149,000, of which USD105,500 is provided by HSBC Group

    Armenian government is considering targeted construction program in regions

    Monday, June 29th, 2020

    The Armenian government is considering the possibility of launching a targeted construction program in the regions, Deputy Minister of Labor and Social Affairs Smbat Sayyan said during an on-line conference today

    EDB to have new board chairman

    Friday, June 26th, 2020

    Russian Prime Minister Mikhail Mishustin signed a decree on the nomination of Nikolai Podguzov for the post of chairman of the board of the Eurasian Development Bank (EDB), TASS reported

    Central bank chairman predicts bigger than expected GDP drop in 2020

    Thursday, June 25th, 2020

    Armenia’s GDP will decline more by the end of 2020 than most of the forecasts predict, the chairman of the Central Bank Martin Galstyan stated at a parliamentary meeting on Thursday

    Araratbank wraps up 2019 indicators

    Thursday, June 25th, 2020

    Today, on 25 June 2020, ARARATBANK wrapped s up the 2019 indicators at the Annual General Meeting of Shareholders in ARARATBANK ZARGATSUM branch, reporting growth in the key financial indicators

    EBRD provides $20 million loan to Armenia’s ACBA-CREDIT AGRICOLE BANK for on-lending to private companies

    Thursday, June 25th, 2020

    The European Bank for Reconstruction and Development (EBRD) said today it is providing a US$ 20 million loan to ACBA-CREDIT AGRICOLE BANK for on-lending to private companies in Armenia that have been affected by the economic impact of the coronavirus pandemic

    Ratio of Armenia’s public debt to GDP at the end of the year is expected to reach 50-60% - Janjughazyan

    Thursday, June 25th, 2020

    The ratio of Armenia’s public debt to GDP at the end of the year is expected to reach 50-60%, Armenian Finance Minister Atom Janjughazyan said Wednesday at an extraordinary meeting of the country’s parliament

    Central bank is monitoring price stability

    Wednesday, June 24th, 2020

    The Central Bank of Armenia is monitoring price stability to prevent a drop in the purchasing power of citizens, Central Bank Chairman Martin Galstyan said at an extraordinary parliamentary meeting on Wednesday

    Armenian parliament is considering ratification of $315 million loan agreement with IMF

    Wednesday, June 24th, 2020

    An emergency session of the Armenian parliament discussed today ratification of an agreement with the IMF regarding the use of the $280 million loan, allocated to Armenia in May 2019, and attraction of an additional loan in the amount of $35 million. The money is to help Armenia fight the coronavirus outbreak and mitigate its economic consequences