All news related to Armenia

Twelve-month inflation in 2017 to be 1.3 percent

20.11.2017 17:17

Twelve-month inflation in 2017 to be 1.3 percent

YEREVAN, November 20. /ARKA/. The 12-month inflation in Armenia by the end of 2017 will be 1.3%, according to the quarterly macroeconomic review, prepared by the Eurasian Development Bank (EDB). According to the review, by the end of 2017, temporary factors that used to put downward pressure on consumer prices in the summer months are expected to stop.

"Strong consumer demand, an increase in real wages, as well as further stabilization of inflation expectations of economic agents will allow inflation to increase slightly to 1.3% at the end of 2017, with subsequent consolidation at the target level in 2018-2020," the EDB notes.

It says after the acceleration of the annual inflation in the second quarter of 2017, consumer prices growth rate in July-August 2017 slowed. In August the inflation was 0.9% as opposed to August 2016. In June 2017 it was 1.1% against June 2016. The main factor of this dynamics in the summer months was a slowdown in the growth of prices for agricultural products.

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Around $114.1 million bought by Armenian banks last week

20.11.2017 16:37

Around $114.1 million bought by Armenian banks last week

Armenia’s commercial banks bought around $114.1 million from the local foreign currency market on November 13 to 17 at the average weighted exchange rate of 486.74 drams per one USD, the Central Bank of Armenia reported on Monday

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Armeconombank concludes second loan agreement with Belgian Incofin CVBA to the tune of $10 million

20.11.2017 15:56

Armeconombank concludes second loan agreement with Belgian Incofin CVBA to the tune of $10 million

Armenian Armeconombank said it has concluded a second loan agreement with the Belgian investment company INCOFIN CVBA to the tune of $10 million

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EFSD: Armenian growth is driven largely by exports

17.11.2017 17:42

EFSD: Armenian growth is driven largely by exports

The Eurasian Development Bank (EDB) commends Armenia for the positive effect from a set of reforms carried out by its government, Alisher Mirzoyev

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Armenian credit organizations increase lending by 12.42% to AMD 321.8 billion in Jan-Sept 2017

17.11.2017 17:26

Armenian credit organizations increase lending by 12.42% to AMD 321.8 billion in Jan-Sept 2017

Armenian credit organizations’ credit exposure and leasing transactions has grown 15.42% since the beginning of this year and totaled AMD 321 billion in Jan-Sept 2017

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Ranking of Armenian credit organizations by size of net profit for 9 months of 2017

16.11.2017 18:32

Ranking of Armenian credit organizations by size of net profit for 9 months of 2017

The net profit of all Armenian credit organizations in the first three quarters of 2017 tripled from the same time span of 2016 to 35.4 billion drams, according to Arka news agency

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Armenian central bank head travels to Belarus for Eurasian Economic Union meeting

16.11.2017 15:54

Armenian central bank head travels to Belarus for Eurasian Economic Union meeting

Arthur Javadyan, chairman of the Central Bank of Armenia, flied to Minks on Thursday to attend the 15th session of the advisory board of the monetary policies of the Eurasian Economic Union member countries’ central banks, the Armenian regulator’s press office reports

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Armenian central bank has new task

15.11.2017 17:15

Armenian central bank has new task

The Armenian parliament adopted today in the first reading a set of amendments and additions to the Law on the Central Bank

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Armenia’s FINCA Credit Organization to receive $6-million loan and $200,000 in technical assistance grants from ADB

15.11.2017 16:17

Armenia’s FINCA Credit Organization to receive $6-million loan and $200,000 in technical assistance grants from ADB

The Asian Development Bank (ADB) is providing $6 million in loans and $200,000 in technical assistance grants to FINCA, one of the leading credit organizations in the country

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Armenian central bank keeps refinancing rate unchanged

14.11.2017 20:21

Armenian central bank keeps refinancing rate unchanged

Armenia’s Central Bank has decided today to keep the refinancing rate unchanged at 6%. It said the inflation in October 2017 was 0.8% as opposed to 0.5% inflation recorded a year ago. As a result the 12-month inflation at the end of October was 1.2%

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