Economy @en

Armenia's total public debt grows to almost $11 bln in late April 2023

06.06.2023 13:30

Armenia's total public debt grows to almost $11 bln in late April 2023

Armenia’s overall state debt as of April 30, 2023 stood at  over $10.9 billion, having increased by over $73.8 million from March, 2023, according to the numbers, released by the National Statistical Committee  (NSC).

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Armenia's 12-month inflation in May 2023 amountd to 3.2%

05.06.2023 16:21

Armenia's 12-month inflation in May 2023 amountd to 3.2%

Armenia’s 12-month consumer price index in May 2023 was up 1.3%. the National Statistical Committee (NSC) said

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Armenian finance minister discussed with WB leadership possibilities of expanding cooperation

29.05.2023 14:45

Armenian finance minister discussed with WB leadership possibilities of expanding cooperation

Armenian Finance Minister Vahe Hovhanissyan took part in the annual meeting of the Belgian-Dutch Constituency of the International Monetary Fund and the World Bank that was held in Tivat, Montenegro May 25-26, the Armenian Ministry of Finance said

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Pashinyan says inflation in Armenia has stabilized somewhat

29.05.2023 14:42

Pashinyan says inflation in Armenia has stabilized somewhat

Armenian Prime Minister Nikol Pashinyan said today that the inflation has stabilized to a certain extent

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IMF chief calls Armenia's financial performance 'impressive'

26.05.2023 13:08

IMF chief calls Armenia's financial performance 'impressive'

Armenian President Vahagn Khachaturyan met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva on the sidelines of Qatar Economic Forum, the presidential press service reported

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Visitors Center of Armenian Central Bank joins International Museum Day and Museum Night

16.05.2023 16:10

Visitors Center of Armenian Central Bank joins International Museum Day and Museum Night

The Visitors Center of Armenia’s Central Bank has joined the events dedicated to the International Museum Day on May 18 and the Night of Museums on May 20, the regulator’s press service reported

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Armenian government approves €92.3 million loan agreement with IBRD

11.05.2023 15:33

Armenian government approves €92.3 million loan agreement with IBRD

The Armenian government approved today an agreement signed between Armenia and the International Bank for Reconstruction and Development (IBRD) whereby the latter will provide €92.3 million loan for the Armenia Green, Resilient and Inclusive Development Policy Operation project

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Closed border does not interfere Turkish capital's penetration to – says MP

10.05.2023 19:52

Closed border does not interfere Turkish capital's penetration to – says MP

The closed border (between Turkey and Armenia) does not hinder the penetration of Turkish capital and goods to the Armenian market, Babken Tunyan, an MP from the ruling Civil Contract party said today

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Armenia's 12-month inflation in April 2023 was 3.2%

04.05.2023 23:28

Armenia's 12-month inflation in April 2023 was 3.2%

YEREVAN, May 4. /ARKA/. The 12-month consumer inflation in Armenia in April 2023 was 3.2%, according to the National Statistical Committee (NSC).

It said compared to March 2023, prices in April 2023 were down 0.1%. In January-April 2023 prices were up 6.2% against the same period of 2022.

Alcohol and tobacco products in April 2023 were up 7.9% from April 2022, while prices for clothing and footwear were up 6.6%. Utilities grew by 3%, while household goods and appliances rose in price by 9.6%.

Prices of health services rose 4.7%, transportation prices did not change, while communications prices upped 0.2%.

Also, recreation prices grew by 9.3%, education services upped by 4.7% and restaurants visits and hotel accommodation prices grew by 7.9%.

At the same time, according to statistical data, prices of non-food products in April 2023 were up 2.7% compared to 2022 April. Services prices grew by 5.2%.

Armenian government’s growth projection for 2023 is 7%, while inflation is set at 4% (±1.5%). According to the National Statistical Committee, Armenia’s economic activity saw a 12.2% growth in the first quarter of 2023 compared to January-March 2022.

The Central Bank predicted in March 2023 5.8% growth for this year, saying also that the 12-month inflation would gradually slow down and stabilize around the 4% target starting from the second half of 2023. -0-

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ARKA news agency celebrates its 27th anniversary today

01.05.2023 11:55

ARKA news agency celebrates its 27th anniversary today

ARKA news agency, one of the leading mass media outlets in Armenia, has grown over the past decades from a small news agency into a media holding

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