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  • Archive for November 1st, 2023

    Artsakh Finance Ministry refutes rumors about confiscation of funds from government accounts by Artsakhbank

    Wednesday, November 1st, 2023

    Nagorno-Karabakh finance ministry has denied  today allegations spread through social networks  that Artsakhbank confiscated the funds from the government’s treasury accounts for the latter’s debts

    Armenia to modernize public services delivery with support from World Bank, U. K. Embassy and Yerevan Municipality

    Wednesday, November 1st, 2023

    Armenia is taking an important step towards modernizing its public services delivery with the Strengthening Transparency, Accountability, and Access to Public Services through GovTech project launched on October 31, the World Bank said in a press release

    Armenia's financial indicators remain sound, registering marginal changes in capital adequacy and profitability –World Bank

    Wednesday, November 1st, 2023

    Financial indicators remained sound, registering marginal changes in capital adequacy and profitability, the World Bank’s says in its  ‘Armenia Monthly Economic Update – October 2023.

    WB:  Armenian dram was temporarily impacted by September 19 attack on Nagorno-Karabakh

    Wednesday, November 1st, 2023

    The AMD was temporarily impacted by the September 19 attack on Nagorno-Karabakh, the subsequent refugee crisis, and general uncertainty, ), according to  the World Bank’s  ‘Armenia Monthly Economic Update – October 2023.’ 

    Deflation was main factor for slowdown in average inflation in Armenia in August 2023- WB

    Wednesday, November 1st, 2023

    The main factor for the slowdown in average inflation was deflation in food prices, which continued in September (yoy), although the pace has been moderating recently, the World Bank said in ‘Armenia Monthly Economic Update – October 2023.’

    World Bank: money transfer inflows and outflows rise significantly in August compared to July,

    Wednesday, November 1st, 2023

    Money transfer inflows and outflows rose significantly in August compared to July, resulting in 52 percent higher net inflows (mom), the World Bank said in ‘Armenia Monthly Economic Update – October 2023.’

    There is a serious demand for credit products in Armenia - Central Bank head

    Wednesday, November 1st, 2023

    In late September 2023 the amount of consumer loans provided to citizens was up almost 19% from late December 2022, said the head of the Central Bank of Armenia Martin Galstyan on Tuesday

    Central Bank of Armenia to send legislative initiative on cryptocurrencies to parliament

    Wednesday, November 1st, 2023

    Later this year or early next year the Central Bank of Armenia is likely to send a legislative initiative on cryptocurrencies to the National Assembly for discussions