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    April 2022
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  • Archive for April 11th, 2022

    WB: High commodity prices will support higher inflationary pressure in Armenia in 2022

    Monday, April 11th, 2022

    YEREVAN, April 11, /ARKA/.  After a prolonged period of low inflation, price levels picked up in Armenia in late 2020 and remained elevated in 2021, the World Bank says in the Europe and Central Asia Economic Update, Spring 2022 report. It says inflation peaked at 9.6 percent yoy in November before moderating to 6.5 percent yoy in February […]

    WB expects Armenia's debt to GDP ratio to grow to about 67 percent of GDP at the end of 2022

    Monday, April 11th, 2022

    The impact of the war in Ukraine and sanctions on Russia are likely to be significant given Armenia’s strong economic links with Russia, according to the World Bank’s Europe and Central Asia Economic Update, Spring 2022 report. The WB has downgraded its growth forecast for Armenia for 2022 to 1.2% from the pre-war 5.3%.

    MTS Bank launches service to top-up cards of Armenian banks

    Monday, April 11th, 2022

    MTS Bank announced today the launch of instant replenishment service of any bank cards of the Armenian Card (ArCa), MasterCard and Visa payment systems in Armenia

    Finance minister and his deputy to take part in WB and IMF group meeting in US

    Monday, April 11th, 2022

    Armenian Finance Minister Tigran Khachatryan and Deputy Finance Minister Vahe Hovhannisyan will be visiting the U.S. on April 19-23, the Finance Ministry said