Improving the lives of smallholder farmers in the Shirak region of north-western Armenia is the goal of a pilot programme announced today by the European Bank for Reconstruction and Development (EBRD) and the United Nations Development Programme (UNDP), EBRD reported
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Archive for February, 2021
EBRD and UNDP launch social impact bond program to improve lives of smallholder farms in Shirak region
Thursday, February 4th, 2021Armenian government to use part of proceeds raised from sale of Eurobonds to build 'financial cushion,' minister says
Thursday, February 4th, 2021The Armenian government will use part of the proceeds raised from sale of $750 million of USD-denominated Eurobonds to build a “financial cushion,” Finance Minister Atom Janjughazyan said during a government meeting on Thursday
Unibank's Data Processing Center switches to 'Green' energy
Thursday, February 4th, 2021Unibank’s Data Processing Center (DPC) has entirely switched to solar panel-generated power. ‘This is the first bank data processing center in Armenia that operates on a renewable energy source, the press service of the bank reported
The 12-month inflation in Armenia in January 2021 was 4.5 percent
Wednesday, February 3rd, 2021Armenian consumer market prices in January 2021 grew by 4.5% as opposed to January 2020 (12-month inflation rate), according to the latest numbers, released today by the National Statistical Committee (NSC). The NSC said consumer prices in January 2021 grew by 2.2% from December last year
AraratBank signs a 5 mln USD bilateral agreement
Wednesday, February 3rd, 2021AraratBank and BlueOrchard Covid-19 Emerging and Frontier Markets MSME Support Fund concluded a bilateral loan agreement for a total amount of USD 5 million to support MSMEs affected by COVID-19 in Armenia, the bank’s press service said in a press release today
Demand for commercial bank loans may drop in 2021, Armenian central bank chairman says
Wednesday, February 3rd, 2021The demand for commercial bank loans in Armenia in 2021 may drop, the chairman of the Central Bank Martin Galstyan told reporters on Tuesday
Armenian banks have enough capital to resists risks
Wednesday, February 3rd, 2021Armenian banks have sufficient capital to resist potential risks and there is nothing that could jeopardize the country’s financial stability, the chairman of the Central Bank Martin Galstyan told reporters on Tuesday
Armenia places successfully another issue of USD-denominated Eurobonds
Tuesday, February 2nd, 2021Armenia has successfully placed another issue of USD-denominated Eurobonds in the international market, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday
Armenian central bank raises refinancing rate to 5.5%
Tuesday, February 2nd, 2021Armenia’s Central Bank has decided today to raise the refinancing rate by 0.25% setting it at 5.5%
VTB Bank (Armenia) finances TelCell CJSC
Monday, February 1st, 2021VTB Bank (Armenia) and Telcell CJSC have been cooperating for over 10 years in the framework of servicing settlement and cash transactions. In 2020, they began to cooperate also in the framework of credit and documentary operations, the press service of the bank reported
