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  • Archive for April, 2024

    Prices in Armenia declined in March by 1.2 percent (yoy)

    Friday, April 19th, 2024

    Prices declined in March by 1.2 percent (yoy), WB says in its Armenia Monthly Economic Update – April 2024».

    Net money transfers in Armenia dropped by 63.3 percent (yoy) in February

    Friday, April 19th, 2024

     Net money transfers dropped by 63.3 percent (yoy) in February but were almost 4 times higher than in the previous month, according to World bank’s Armenia monthly economic update – April 2024.

    Central Bank of Armenia leaves anti-cyclical capital buffer unchanged

    Thursday, April 18th, 2024

    Armenia’s Central Bank decided to leave the countercyclical capital buffer (CCB) unchanged at 1.5%.

    Central Bank or Armenian government did not dream of banning Mir cards in Armenia" - MP

    Thursday, April 18th, 2024

    Neither the Central Bank nor the Armenian government dreamed of banning Russian Mir cards on the territory of Armenia, Babken Tunyan, deputy chairman of the  National Assembly Committee on Economic Affairs, said today.

    Acba Leasing partners with Giacomo company to help establish production of solar water heaters in Armenia (VIDEO)

    Wednesday, April 17th, 2024

    The Giacomo Company has established a unique production of solar water heaters in Vostan village of Ararat region, Acba Bank’s press service reports.

    EDB: appreciation of Armenian dram limits demand for export of most goods and services

    Friday, April 12th, 2024

    The appreciation of Armenia’s national currency limits the demand for exports of most goods and services, the Eurasian Development Bank (EDB) says in its latest macroeconomic review.

    Charles Aznavour's art will be presented in a new and unique way

    Thursday, April 11th, 2024

    Acba Bank, Hayastan All-Armenian Fund and the State Symphony Orchestra of Armenia have partnered to make it possible to listen to the best works of the world-famous chansonist, the great Armenian Charles Aznavour, with a symphonic performance.

    Armenia's public debt to remain within 55% of GDP in 2024 in the absence of currency shocks – ADB

    Thursday, April 11th, 2024

    Armenia’s public debt will remain at a manageable level within 55% of GDP in 2024 if there are no currency shocks, Grigor Gyurjian, Senior Economist at the Asian Development Bank’s (ADB) Armenia Resident Mission, told a press conference on Thursday.

    Asian Development Bank invested $1.9 bln in Armenian economy over 19 years.

    Thursday, April 11th, 2024

    The Asian Development Bank (ADB) has invested $1.9 billion in Armenia’s economy since the launch of its cooperation with Armenia, Luke Forchtman, Deputy Director of the Asian Development Bank’s Armenia Resident Mission, told a press conference today.

    Armenia's inflation will be 3% in 2024 and 3.5% in 2025 - ADB

    Thursday, April 11th, 2024

    Inflation in Armenia will amount to 3% in 2024 and accelerate to 3.5% in 2025 under the conditions of monetary policy easing, Luke Fotchman, Deputy Director of the Asian Development Bank’s Armenia Resident Mission, told a press conference today.