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    October 2020
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  • Archive for October, 2020

    Armenian banks award 'credit holidays' to participants of Karabakh war

    Wednesday, October 28th, 2020

    Armenian commercial banks will award the so-called ‘credit holidays’ to those borrowers who are now fighting in Nagorno-Karabakh against the Azerbaijani aggression, Deputy Finance Minister Arman Poghosyan said at a press conference on Wednesday, adding that their decisions is voluntary

    Decrease in population's deposits in banking system of Armenia does not exceed 1% - regulator

    Wednesday, October 28th, 2020

    YEREVAN, October 28. /ARKA/. The decrease in the population’s deposits in the banking system of Armenia does not exceed 1%, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday. In his words, there is a certain reduction in savings for both individuals and organizations, but not significant. “In general, citizens have slightly […]

    Armenia’s central bank sees no need to interfere in exchange rate fluctuations

    Wednesday, October 28th, 2020

    The Central Bank of Armenia has not carried out interventions over the past month and does not see the need to interfere in the fluctuation of the exchange rate, Central Bank Chairman Martin Galstyan said Tuesday at a press conference

    Armenian prices drop by 0.2% in September, 2020

    Tuesday, October 27th, 2020

    Armenian prices in September 2020 dropped by 0.2%, the chairman of the Central Bank Martin Galstyan said today, adding that in 2019 September the price index saw 0.2% inflation

    Armenia to receive 17. 9 million euro loan from IBRD

    Tuesday, October 27th, 2020

    The Armenian parliament has ratified today a loan agreement with the International Bank for Reconstruction and Development on additional financing within the framework of Social Investments and Local Development program

    Armenian central bank leaves refinancing rate unchanged – at 4.25%

    Tuesday, October 27th, 2020

    The Central Bank of Armenia left Tuesday the refinancing rate unchanged, at 4.25%, the press service of the regulator reports

    Armenian banks to forgive loans of those killed in hostilities or became disabled

    Wednesday, October 21st, 2020

    Armenia’s National Assembly has passed today in the first reading a set of changes to the Tax Code, which if approved in the final reading, would give the local commercial banks and credit organizations the right to forgive the credit obligations of the borrowers who have died in the war in the Nagorno-Karabakh or have become disabled

    Armenian banks paid almost 38 billion drams in taxes for 9 months of 2020

    Saturday, October 17th, 2020

    The list of Armenia’s 1000 largest corporate taxpayers in the first nine months of 2020 includes all 17 commercial banks, which have paid more than 37.994 billion drams in various taxes and duties, the State Revenue Committee said today

    Fitch Downgrades Armenian City of Yerevan to 'B+'; Outlook Stable

    Monday, October 12th, 2020

    Fitch Ratings has downgraded the Armenian City of Yerevan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘. The Outlook is Stable

    Armenia to take part in meeting of Expert Group on Financial Inclusion Policy

    Monday, October 12th, 2020

    The Central Bank of Armenia will take part in the meeting of the Expert Group on Financial Inclusion Policy