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    November 2020
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  • Archive for November, 2020

    EDB expects consumer price index in Armenia to drop to 1.1% in 2021 from 1.2% at the end of 2020

    Monday, November 30th, 2020

    According to the Eurasian Development Bank (EDB) Macroeconomic Forecast for 2020, the EDB expects inflation to slow down in 2021 in most countries in the region

    Statement on Artsakh war can open Turkey's ports and Azerbaijan's market for Armenia

    Monday, November 30th, 2020

    Vahan Kerobyan, newly appointed minister of economy of Armenia, who is founder of Menu Group food delivery service, outlined the opportunities that the domestic economy will receive as a result of unblocking transport communications in the region, according to a statement on Artsakh dated November 9

    Armenian dram devaluation is mainly based on psychological factor - MP

    Friday, November 27th, 2020

    The devaluation of the dram observed in Armenia in recent days is mainly based on a psychological factor – changes in human expectations and behavior, Babken Tunyan, an MP from the My Step faction and the head of the standing parliamentary committee on economic issues, said on Thursday answering media questions

    Armenia's per-capital GDP amounts to $ 1,212 in 3rd Q 2020

    Wednesday, November 25th, 2020

    Armenia’s per capital GDP, according to preliminary data, amounted to $ 1,212 in the third quarter of 2020, having increased by $ 326 over the quarter from $ 886 in the second quarter, the National Statistical Committee of Armenia reports

    Ardshinbank is recognized as the Safest Bank in Armenia in 2020

    Wednesday, November 25th, 2020

    As part of the annual survey to compile the Rating of the safest banks in the world, the famous American magazine “Global Finance” for the fourth time recognized Ardshinbank as “The Safest Bank in Armenia for 2020”

    Armenia's hard currency reserves drop to $2.449.2 billion, central bank says

    Tuesday, November 24th, 2020

    At the end of the third quarter of 2020, Armenia’s hard currency reserves stood at $2.449.2 billion, down from $2.648.2 billion at the beginning of the quarter, the Central Bank said in a report

    Armenia's central bank planning operations in the country's currency market in order to ensure normal functioning of financial markets - EXCLUSIVE

    Tuesday, November 24th, 2020

    The Central Bank of Armenia plans to conduct operations in the country’s currency market in order to ensure the normal functioning of financial markets, Harutyun Berberian, spokesman for the Central Bank of Armenia, told ARKA News Agency on Tuesday

    Union of Banks of Armenia supports Karabakh war heroes and their families

    Monday, November 23rd, 2020

    ‘Now it is more than necessary to support the heroes of the Karabakh war and their families,’ the Union of Banks of Armenia said in a statement today issued in connection with the Day of the Banker, celebrated on November 23

    IMF says SDR 25.714 million (around US$36.7 million) will become available for Armenian budget support after Board meeting

    Friday, November 20th, 2020

    An IMF team reached staff level agreement with the Armenian authorities for the completion of the third review under the program supported by an IMF Stand-By arrangement, IMF said in a press release

    The 2020 budget deficit to grow to 7.1% from earlier projected 2.3%

    Tuesday, November 17th, 2020

    The 2020 budget deficit will grow to 7.1% instead of the 2.3% projected at the beginning of the year, Chairman of the Central Bank of Armenia Martin Galstyan said in parliament on Tuesday