All news related to Armenia

National Depository of Ukraine and Central Depository of Armenia sign cooperation memo

20.01.2022 17:06

National Depository of Ukraine and Central Depository of Armenia sign cooperation memo

YEREVAN, January 20. /ARKA/. The National Depository of Ukraine (NDU) and the Central Depository of Armenia (CDA) signed a memorandum on cooperation at the end of December 2021,  the Armenian Securities Exchange (AMX) said today.

“The main purpose of the memorandum is to identify the algorithm of cooperation between depositories as part of joining efforts to develop new features  of depository software and as well will create an additional platform for exchange of experience between the two countries,’ AMX said today in a press release.

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Moody’s assigns a Ba3 IFSR to Export Insurance Agency of Armenia; stable outlook

20.01.2022 13:52

Moody’s assigns a Ba3 IFSR to Export Insurance Agency of Armenia; stable outlook

YEREVAN, January 19, /ARKA/. Moody’s Investors Service (“Moody’s”) has today assigned Ba3 foreign and local-currency insurance financial strength ratings (IFSRs) to Export Insurance Agency of Armenia ICJSC (EIA). The outlook is stable.

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NSC: Armenia’s aggregate national debt stood at $9.1 billion in late November, 2021

12.01.2022 18:28

NSC: Armenia’s aggregate national debt stood at $9.1 billion in late November, 2021

YEREVAN, Jan. 12. /ARKA/. Armenia’s aggregate national debt as of November 30, 2021 stood at $9.159.275 billion, having decreased by $49.940 million from October 30, 2021, according to the country’s National Statistical Committee (NSC). In late December 2020, the country’s national debt stood at $7.968.486 billion.

The national debt in dram equivalent grew by 49.962.3 billion from October, 2021 to 4 trillion 450 billion drams as of November 30, 2021.

Armenia’s foreign debt dropped by $56.2 million in one month to $6.650.584 billion in late November 2021, while the domestic debt increased by $6.262 million to $2.508.692 billion. In dram equivalent, the external debt rose by 26.750.3 billion to 3 trillion 231 billion drams, while the domestic debt increased by 23.212.0 billion drams to 1 trillion 218 billion drams.

The government’s external debt decreased by $48.191 million to $6.184.311 billion as of November 2021. In dram equivalent it increased by 26.819.8 billion and reached 3.004 trillion. The Central Bank’s debt decreased by $8.011 million to $466.273 million.

Of the domestic debt about $2.345.336 billion were owed to resident holders of government bonds (a decrease of $13.006 mln from the previous month). Also, some $154.004 million were owed to holders of foreign-currency denominated government bonds (increase of $18.445 mln).

Armenian Minister of Finance Tigran Khachatryan said in October 2021 that Armenia’s national debt was supposed to grow to 4 trillion 740 billion drams in late 2022 or 60.2% of GDP. According to him, the foreign debt will make 69% of the total national debt by the end of 2022. Some 51.1% of the national debt will be financed by foreign loans, 30.1% by state and treasury bonds and 18.7% by foreign currency bonds. -0-

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Government bond auctions with a volume of AMD 45 billion took place on AMX

11.01.2022 21:12

Government bond auctions with a volume of AMD 45 billion took place on AMX

Today the allocation auction of government bonds totaling AMD 45 billion has taken place on Armenian Securities Exchange (AMX)

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Armenian banking system has successfully gone through coronavirus pandemic, war and domestic political crisis - Pashinyan

28.12.2021 15:26

Armenian banking system has successfully gone through coronavirus pandemic, war and domestic political crisis - Pashinyan

Prime Minister Nikol Pashinyan took part December 27 in a reception organized at the Central Bank on the occasion of the New Year and Christmas. Nikol Pashinyan congratulated the personnel of the Central Bank and the banking sector of Armenia on the coming holidays, wishing them success and all the best

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Armenian government gives permission for ratification of EBRD loan to improve public transport in Yerevan

23.12.2021 14:23

Armenian government gives permission for ratification of EBRD loan to improve public transport in Yerevan

The Armenian government has given permission today to ratify a loan agreement with the European Bank for Reconstruction and Development (EBRD)

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IMF: Armenia’s economic growth projected at around 5½ percent in 2021

20.12.2021 15:07

IMF: Armenia’s economic growth projected at around 5½ percent in 2021

The Executive Board of the International Monetary Fund (IMF) concluded last Friday the 2021 Article IV consultation and completed the fourth and fifth reviews of Armenia’s performance under its economic program supported by the SBA

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Armenia’s central bank raises refinancing rate by 0.5% to 7.75%

14.12.2021 14:31

Armenia’s central bank raises refinancing rate by 0.5% to 7.75%

Armenian Central Bank’s Board has decided today to raise the refinancing rate by 0.5% to 7.75%

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Fitch Ratings: business conditions will remain supportive for lenders in Armenia

06.12.2021 16:28

Fitch Ratings: business conditions will remain supportive for lenders in Armenia

The sector outlook for 2022 for banks in the CIS+ region is neutral, Fitch Ratings said. According to it,  business conditions will remain supportive for lenders in the region (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Russia, Ukraine and Uzbekistan)

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About $72.5 million (SDR 51.429 million) would become available to Armenia after IMF Board meeting

18.11.2021 13:22

About $72.5 million (SDR 51.429 million) would become available to Armenia after IMF  Board meeting

An International Monetary Fund (IMF) team, led by Nathan Porter, conducted discussions during October 19-November 12, 2021 for the 2021 Article IV consultation, as well as the combined fourth and fifth reviews of Armenia’s economic program, which is supported by an IMF Stand-By Arrangement (SBA), the IMF Office in Armenia said

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