The rapid recovery of the global economy, fuelled by credit and budgetary injections in developed countries, is driving asset prices up massively,” said Even Vinokurov, chief economist at the Eurasian Development Bank (EDB).
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Calendar
Archive for July, 2021
EDB expects 5.4% inflation in Armenia in 2021
Friday, July 9th, 2021IDBank joined the fulfillment of children's dreams
Thursday, July 8th, 2021On June 4-6, within the framework of the “Bigidream” project of “The Armenian exists” public organization, a children’s educational, entertaining, competitive music festival was held, which brought together smart, strong, creative children from Artsakh and Armenia. By filling out the relevant application and sharing it on social networks, children participate in the competition and present their dreams
EDB to expand projects operations with aggregate investment in Armenia, Kyrgyzstan and Tajikistan reaching US $500 million
Wednesday, July 7th, 2021The Council of the Eurasian Development Bank (EDB) chaired by Askar Mamin, Prime Minister of Kazakhstan, approved the EDB’s Strategy for 2022–2026. The participants in the meeting were the representative plenipotentiary of the Bank’s shareholders, including Mher Grigoryan, Deputy Prime Minister, Armenia; Yuri Seliverstov, Minister of Finance, Belarus; Alikhan Smailov, First Deputy Prime Minister, Kazakhstan; Akylbek Japarov, Deputy Prime Minister and Minister of Economy and Finance, Kyrgyz Republic; Anton Siluanov, Minister of Finance, Russia; and Yusuf Majidi, Deputy Minister of Finance, Tajikistan
Armenia’s 12-month inflation in late June up 6.5%
Tuesday, July 6th, 2021Armenia’s 12-month inflation in late June 2021 was up 6.5% when compared to June 2020, the National Statistical Committee (NSC) said today
AraratBank and FMO unlock funding for underserved entrepreneurs
Tuesday, July 6th, 2021FMO and AraratBank today announce the signing of a USD 10mln NASIRA loan portfolio guarantee. This innovative risk sharing program will make it easier for AraratBank to provide funding to youth, migrant, women and COVID-19 affected entrepreneurs, as losses on the loan portfolio will be carried by both parties
Become a Converse Bank Visa Cardholder on preferential terms
Friday, July 2nd, 2021Converse Bank offers to become the Bank’s Visa Classic, Visa Gold, Visa Business and Visa Platinum cardholder by July 31 and use the reduced 50% annual service fee for the entire term of the card
World Bank free Armenia from additional interest rate on loans for another fiscal year
Friday, July 2nd, 2021Prompted by the worsening socio-economic situation caused by the coronavirus pandemic and Nagorno-Karabakh post-war developments, as well as the slow economic recovery, on April 30, 2021, Armenia’s Ministry of Finance officially applied to the International Development Agency (part of the World Bank Group) with a request to extend the decision on cancelling the additional 1.7% interest rate on loans for another year
Stepan Gishyan charity foundation donates 20 new audio guides to Vanadzor Museum of Fine Arts
Thursday, July 1st, 2021The Vanadzor Museum of Fine Arts has received 20 new audio guides with the assistance of Stepan Gishyan Charitable Foundation, the press service of Acba bank reported
Acba bank to lend $10 million EBRD loan to green farms, micro and small enterprises
Thursday, July 1st, 2021Acba Bank and the European Bank for Reconstruction and Development (EBRD) signed a loan agreement in the amount of $10 million. According to Acba bank press service, the funds provided by the EBRD will be channelled into financing green farms, micro, small and medium-sized businesses in Armenia. The attracted funds will be allocated both in Armenian drams and in US dollars
VTB Bank (Armenia) launches Summer deposit campaign
Thursday, July 1st, 2021On July 1, 2021, VTB Bank (Armenia) is launching the Summer deposit campaign and invites customers to place a deposit in Armenian drams (AMD) on favorable terms, saying in a press release that this can be done until July 31, 2021
