Economy
2024-09-10 13:18:37 Central Bank of Armenia lowers refinancing rate to 7.50% in 11th consecutive cut
Central Bank of Armenia lowers refinancing rate to 7.50% in 11th consecutive cutOn September 10, the Central Bank of Armenia (CBA) reduced its refinancing rate by 0.25 percentage points, setting it at 7.50%, according to a statement from the regulator.
2024-08-26 18:03:46 S&P reaffirms Armenia's sovereign credit ratings with stable outlook
S&P reaffirms Armenia's sovereign credit ratings with stable outlookOn August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.
2024-08-26 17:44:42 S&P forecasts 1.6% inflation for Armenia, predicts continued easing of monetary policy
S&P forecasts 1.6% inflation for Armenia, predicts continued easing of monetary policyInternational credit rating agency S&P Global Ratings has forecasted an average inflation rate of 1.6% for the year, reflecting a broader increase in price pressures.
2024-08-07 13:48:17 Armenia to implement changes in income tax refund for mortgage interest starting January 2025
Armenia to implement changes in income tax refund for mortgage interest starting January 2025Starting January 1, 2025, Armenia will introduce legislative changes affecting the refund of income tax on mortgage interest payments, the State Revenue Committee of Armenia announced on Wednesday.
2024-08-07 11:45:33 Armenia's national debt reaches $12.157bn
Armenia's national debt reaches $12.157bnAs of June 30, 2024, Armenia's total national debt stood at $12,157.2 million, marking an increase of $54.441 million from May 31, 2024, according to a report by the National Statistical Committee of Armenia.
2024-07-29 18:11:37 Average yearly Armenian dram exchange rate to stand at 396 AMD to $1
Average yearly Armenian dram exchange rate to stand at 396 AMD to $1The average annual exchange rate of the dram to the US dollar is projected at 396 in 2024, a macroeconomic forecast by the Eurasian Development Bank revealed on Monday.