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  • Archive for September 27th, 2021

    Armenia’s public debt grew to $8.869 billion at the end of first half, 2021

    Monday, September 27th, 2021

    Armenia’s public debt stood at 4.394.5 trillion drams ($8.869 billion) on June 30, 2021, having grown by 229.2 billion drams ($900.6 million) from the same time span of last year, according to a report on the execution of the government budget in the first half of 2021, circulated in parliament today

    Fitch forecasts 7.4% for Armenia in 2021

    Monday, September 27th, 2021

    Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook, saying also that inflation accelerated to 8.8% yoy in August 2021, above the Central Bank of Armenia’s (CBA) target of 4.0%, driven primarily by global pressures on food prices (15.1% yoy), rebounding demand from the 2020 recession, and bottlenecks in supply chains