Economy @en

Global inflation tracker shows Armenia's inflation in March was 7.4%

18.05.2022 23:48

Global inflation tracker shows Armenia's inflation in March was 7.4%

Russia’s invasion of Ukraine has raised prices for everything from energy to wheat, adding to inflationary pressures worldwide, The Financial Times says

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Arrival of foreigners in Armenia pushed demand up

16.05.2022 17:12

Arrival of foreigners in Armenia pushed demand up

The arrival of tens of thousands of foreigners to Armenia, mainly from Russia over the last two and a half months, triggered by Russia’s ‘special operation’ in Ukraine, has increased the demand in the local market, but on the other hand, it has become one of the reasons to push inflation up, Hovhannes Khachatryan, Deputy Chairman of the Central Bank of Armenia, said today while presenting a report on regulator’s performance in 2021

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Armenia's 12--month inflation in April was 8.4%

04.05.2022 17:56

Armenia's 12--month inflation in April was 8.4%

Armenian consumer prices in April 2022 were 8.4% up when compared to the same month of 2021, the National Statistical Committee (NSC) said today

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Armenia allowed to draw about US$35 million under SBA with IMF

02.05.2022 16:10

Armenia allowed to draw about US$35 million under SBA with IMF

The Executive Board of the International Monetary Fund (IMF) said it has completed the sixth and final review under the Stand-By Arrangement with Armenia

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Armenian Finance Minister and IMF and World Bank leadership agree on organization of assistance programs

22.04.2022 23:22

Armenian Finance Minister and IMF and World Bank leadership agree on organization of assistance programs

Armenian Finance Minister Tigran Khachatryan and Deputy Minister Vahe Hovhannisyan participated in the Spring Meetings of IMF and World Bank Boards of Governors held on April 19-22 in Washington, United States, the press service of the Armenian Ministry of Finance reported

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Armenian minister expects cost of food, groceries and other goods to rise further

18.04.2022 13:32

Armenian minister expects cost of food, groceries and other goods to rise further

The cost of food and groceries as well as other goods is going to rise further, Armenian Minister of Economy Vahan Kerobyan said

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

11.04.2022 19:00

WB: High commodity prices will support higher inflationary pressure in Armenia in 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 […]

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

11.04.2022 18:59

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

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

11.04.2022 12:39

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

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

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Asian Development Bank predicts 9% inflation for Armenia in 2022

08.04.2022 17:57

Asian Development Bank predicts 9% inflation for Armenia in 2022

The Asian Development Bank (ADB) expects the average annual inflation in Armenia to accelerate to at least 9% in 2022 and then decrease to 7.5% in 2023, assuming there will be no such price hikes on the domestic market and international inflationary pressure will abate, ADB said in its April release of the Asian Development Outlook report

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