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  • Archive for December, 2020

    Armenia's 2020 government budget deficit to increase to 6.2% - central bank's report

    Wednesday, December 30th, 2020

    Armenia’s government budget deficit in GDP will increase by 4.8 percentage points in 2020, compared to last year, and will reach 6.2%, which is mainly due to tax cuts, according to the monetary policy program for the fourth quarter and the central bank’s report on the implementation of monetary policy for the third quarter of this year

    Central bank: 12-month inflation come close to 4% target

    Wednesday, December 30th, 2020

    Armenia’s 12-month inflation will approach and stabilize around the target, according to the program of monetary policy for the fourth quarter and the report of the central bank on the implementation of monetary policy for the third quarter of this year

    Unibank receives Sustainability Icon award

    Friday, December 25th, 2020

    The Visa international payment system has awarded Unibank the Sustainability Icon award, highly appreciating the results of the successful partnership

    Results of competition for Isahak Isahakyan scolarship announced

    Wednesday, December 23rd, 2020

    The Central Bank of Armenia has summarized the results of the competition for a scholarship named after Isahak Isahakyan, the first head of the Central Bank

    Armenian Central Bank issues commemorative coins dedicated to Cathedral of Holy Etchmiadzin

    Monday, December 21st, 2020

    Armenia’s Central Bank said today it has put into circulation a silver commemorative coin “Cathedral of Holy Etchmiadzin”

    AraratBank raises 5 million USD from Incofin IM-advised Microfinance Enhancement Facility (MEF) to foster SME sector in Armenia

    Thursday, December 17th, 2020

    AraratBank has raised 5 million USD from Incofin IM-advised Microfinance Enhancement Facility (MEF) to foster the SME sector in Armenia through its ongoing effective cooperation with reputable international financial institutions, the bank’s press service said today

    Devaluation of Armenian dram was expected, economists say

    Thursday, December 17th, 2020

    The devaluation of the Armenian currency, the dram, was expected as a natural reaction to the changes taking place in the country, according to Armenian economists

    Armenian central bank head finds 1% increase in refinancing rate rather drastic step

    Wednesday, December 16th, 2020

    At a press conference on Tuesday, the Chairman of the Central Bank of Armenia Martin Galstyan called the 1% increase in the refinancing rate a rather drastic step

    Share of non-performing loans in Armenia's banking system may increase from 6.7% to 10% - central bank

    Wednesday, December 16th, 2020

    The share of non-performing loans in Armenia’s banking system may increase from 6.7% to 10%, Chairman of the Central Bank of Armenia Martin Galstyan said at a press conference on Tuesday

    Armenian central bank head points out two aspects that should have positive effect on foreign exchange rate

    Wednesday, December 16th, 2020

    Chairman of the Central Bank of Armenia Martin Galstyan, speaking Tuesday at a news conefernce, pointed out two aspects that should have a positive effect on the exchange rate