S&P Global Ratings Services has affirmed the sovereign ratings of the Republic of Armenia’s long-term/short-term foreign and local currency issues at “BB -“/”B”, keeping the “stable” outlook unchanged, the press service of the Ministry of Finance reported

Categories: Economy @en, General news, News, News of the hour | Comments Off on Standard and Poor's affirms Armenia's sovereign ratings, maintaining "stable" outlook

Tags:

Read more

Remittance outflows from Armenia soared by 55% in 2023 to  $4 billion in 2023, leading to a 36% YoY decline in net cross-border remittances, the Eurasian Development Bank says in a  macroeconomic review for February 2024

Categories: Economy @en, General news, News, News of the hour | Comments Off on Remittance outflows from Armenia up 55% to $4 billion in 2023- EDB

Tags:

Read more

Inflation in Armenia is likely to approach the Central Bank’s projected  target interval by the end of the first half of the year, the Eurasian Development Bank  (EDB0 said in its weekly macroeconomic review

Categories: Economy @en, General news, News, News of the hour | Comments Off on Inflation in Armenia may approach projected target interval in late H1 - EDB

Tags:

Read more

Armenia’s public debt-to-GDP ratio has “impressively improved from 67% in 2020 to 47% in 2023,” Renaissance Capital analysts said in their study of the economies of six CIS countries – Armenia, Azerbaijan, Georgia, Kazakhstan, Tajikistan and Uzbekistan

Categories: Economy @en, General news, News, News of the hour | Comments Off on Armenia's state debt-to-GDP ratio drops to 47% in 2023 - Renaissance Capital

Tags:

Read more

A 12-month (January 2024 vs. January 2023) deflation of 0.9% has been registered in Armenia’s consumer market, the  National Statistical Committee (NSC) says

Categories: Economy @en, General news, News, News of the hour | Comments Off on Deflation of 0.6% registered in Armenia in 2023

Tags:

Read more

Armenia’s total public debt as of December 31, 2023, stood at over $11.8 billion, up from over $10.6 billion in late December , 2022, the National Statistical Committee said

Categories: Economy @en, General news, News, News of the hour | Comments Off on Armenia's total public  debt rose to $11.8 bln in 2023

Tags:

Read more

Private cross-border remittances sent to Armenia through banks in 2023 amounted to about $5.7 billion, up from about $5.2 billion sent in 2022, the Central Bank reported

Categories: Economy @en, General news, News, News of the hour | Comments Off on Private remittances sent to Armenia from abroad in 2023 amounted to about $5.7 bln.

Tags:

Read more

The Chairman of the Central Bank of Armenia Martin Galstyan said today that two factors influenced the regulator’s decision to lower the refinancing rate by 0.5 percentage points today, setting it at 8.75%. This is the 6th downgrade since June last year

Categories: Economy @en, General news, News, News of the hour | Comments Off on Galstyan names two factors that influenced Central Bank's decision to lower refinancing rate

Tags:

Read more

Price growth fell into deflationary territory in Armenia in 2023 (December: -0.6%), as the effects of a strong dram, lower international food prices, and the lagged impact of a tight monetary policy were felt. Fitch’s expectation of a weaker dram will result in higher inflation in 2024-25, averaging 3.9% (target: 4%), Fitch Ratings said in a report

Categories: Economy @en, General news, News, News of the hour | Comments Off on  Fitch expects inflation in Armenia to rise to 3.9% on average in 2024-2025

Tags:

Read more

Armenian government’s general debt (GGD) amounted to an estimated 48.2% of GDP at end-2023 (‘BB’ median: 52%).Fitch Ratings said in a report.

Categories: Economy @en, General news, News, News of the hour | Comments Off on Fitch:  Armenian government’s general debt amounted to an estimated 48.2% of GDP at end-2023

Tags:

Read more