The 12-month inflation in late December 2020, according to the preliminary forecast, is expected to be 2.5%, an Armenian Central Bank Board member David Nahapetyan, told the parliament today
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Archive for December, 2020
Armenia's 12-month inflation in late December 2020 expected at 2.5%
Thursday, December 10th, 2020Armenian authorities should stabilize credit market by attracting preferential loans totaling $ to 2 billion
Thursday, December 10th, 2020The Armenian authorities should stabilize the credit market by attracting preferential loans totaling $ 1-2 billion, economist Ashot Osipyan, founder of the School of Banking Management, told reporters on Wednesday at a video conference organized by the Economic Journalists Club
Criminal case opened over attempted murder of Armeconombank executive director in Yerevan
Thursday, December 10th, 2020The Investigative Committee of Armenia opened a criminal case on the fact of the attempted murder of the executive director of Armeconombank OJSC
No outflow of funds from Armenia, Union of Banks of Armenia says
Wednesday, December 9th, 2020There is no outflow of funds from Armenian banks, and the total bank deposits have grown over 3.5 trillion drams, despite a difficult year and certain fluctuations, Executive Director of the Union of Banks of Armenia Seyran Sargsyan told reporters on Wednesday during a video conference organized by the Club of Economic Journalists
Economist: the main thing is to avoid panic because of devaluating Armenian dram
Wednesday, December 9th, 2020The main thing is to avoid panic, economist and founder of the School of Banking Management Ashot Osipyan told reporters on Wednesday, when commenting on the devaluation of the national currency, the dram, against US dollar and Euro
Finance minister on possible injection of bank deposits into financial market
Wednesday, December 9th, 2020Armenian Minister of Finance Atom Janjughazyan commented today on the possibility of injecting individual bank deposits into the financial system in 2021, when asked by MP Sergey Bagratyan what was being done to turn the country’s domestic resources into long-term investments
Triodos Investment Management provides EUR 3 million funding to AraratBank to boost SME growth
Wednesday, December 9th, 2020AraratBank and Triodos Fair Share Fund and Triodos Microfinance Fund concluded a bilateral loan agreement
VISA and ACBA offer consumers safe and convenient mobile payments with Visa Token Service
Tuesday, December 8th, 2020Visa and ACBA have launched the first mobile payment program in Armenia based on Visa Token Service, an innovative technology that provides a secure environment for the further development of the payment ecosystem, the press service of ACBA-CREDIT AGRICOLE BANK said in a press release today
VTB CEO: EEU member countries need to create single payment space
Friday, December 4th, 2020The Eurasian Economic Union (EEU) member countries need to create a single payment space with settlements in national currencies, VTB CEO Andrei Kostin said on Friday speaking at the First Eurasian Congress organized by the Eurasian Development Bank (EDB)
Minister denies rumors that he owns credit organization
Thursday, December 3rd, 2020Armenia’s Minister of Labor and Social Affairs Mesrop Arakelyan denied today rumors circulated in the media that he is the owner of a credit organization called Mogo
