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
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Archive for June, 2020
Armenian central bank chairman: cutting refinancing rate prompted increased demand for loans
Tuesday, June 30th, 2020HSBC Group and Jinishian Memorial Foundation allocate USD149,000 for a joint program to create jobs in regions of Armenia
Monday, June 29th, 2020The 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, 2020The 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, 2020Russian 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, 2020Armenia’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, 2020Today, 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 $20 million loan to Armenia’s ACBA-CREDIT AGRICOLE BANK for on-lending to private companies
Thursday, June 25th, 2020The European Bank for Reconstruction and Development (EBRD) said today it is providing a US$ 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, 2020The 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, 2020The 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, 2020An 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
