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  • Archive for September, 2023

    Armenian stock market capitalization reached  280 billion drams in late 2022 with 7% annual growth - AMX CEO

    Friday, September 29th, 2023

    The market capitalization of the Armenian Securities Exchange (AMX) at  the end of 2022 reached 280 billion drams, increasing by 7% compared to the previous year, AMX CEO Hayk Yeganian said in an exclusive interview with ARKA news agency

    Development of Armenia's capital market is hampered by lack of qualified financial intermediaries, investment banks and brokers - AMX CEO

    Friday, September 29th, 2023

    In an exclusive interview with ARKA news agency CEO of Armenian Securities Exchange (AMX) Hayk Yeganyan spoke about the strategy of the exchange, prospects of the securities market development, as well as the obstacles on this path

    Armenia’s 2024 budget sets revenue at  2.5 trillion drams - Finance Minister

    Thursday, September 28th, 2023

    Armenia’s draft budget for 2024 calls for 2 trillion 566 billion drams in revenue, which is 15.4% more than  initially planned for 2023, Finance Minister Vahe Hovhannisyan said today

    EBRD First Vice-Presidents commends Armenian Central Bank for being prudent regulator

    Wednesday, September 27th, 2023

    The EBRD has a very active dialogue with the Central Bank of Armenia (CBA), which is a prudent regulator, First Vice-President of the European Bank for Reconstruction and Development (EBRD) Jurgen Rigterink said in an exclusive interview with ARKA news agency

    Hosting EBRD Annual Meeting will significantly contribute to strengthening of Armenia’s  role in  region - First Vice President

    Wednesday, September 27th, 2023

    For a country like Armenia, which also wants to strengthen its regional dimension, hosting the EBRD Annual Meeting can make a significant contribution towards this goal

    Investment companies may also manage non-public investment funds - Central Bank of Armenia

    Tuesday, September 26th, 2023

    Armenian Central Bank Board at a meeting on September 22 approved a set of amendments and additions to its earlier decision “On authorizing additional activities of investment companies and setting requirements for their implementation,” the regulator’s press service reported

    Armenia's state debt indicators continue to improve - Finance Minister

    Monday, September 25th, 2023

    The indicators of Armenian government’s domestic debt and of the state debt calculated in AMD continue to improve, the degree of state debt management is at the target level, Minister of Finance Vahe Hovhannisyan said on Monday, presenting the report on the execution of the state budget for the first half of 2023 at a session of the  National Assembly Committee on Finance and Budget Issues

    Armenia included in the list of 'friendly' countries, whose banks can participate in currency trading in Russian Federation

    Thursday, September 21st, 2023

    Armenia has been included in the list of countries, whose banks and brokers are allowed to trade in the Russian currency and derivatives markets

    Escalation in Karabakh caused a fall in prices of Armenia and Azerbaijan Eurobonds

    Thursday, September 21st, 2023

    Eurobonds issued by Armenia and Azerbaijan suffered sharp falls on Tuesday after Azerbaijan launched military action in the Nagorno-Karabakh region, according to Cbonds data

    More than 11 thousand hectares in Armenia insured against 4 types of threats

    Monday, September 18th, 2023

    More than 11 thousand hectares of agricultural lands in Armenia have already been insured against four types of losses due to adverse events, said Ira Panosyan, the head of Agricultural Programs Development Department at  the Ministry of Economy