Difficulties in Russian economy did not affect Armenian economy – Central Bank official

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18.04.2014 16:19

YEREVAN, April 18. / ARKA /. The problems experienced currently by the Russian economy have had no adverse effect on the financial stability of Armenia, said Andranik Grigoryan, head of a Central Bank department in charge of stability and financial system development.

According to the Central Bank data, private remittances to Armenia in January-February this year amounted to $205.1 million, up almost 10 percent from the same time span in 2013. Almost 80% of total private money transfers - approximately $ 164 million- came from Russia.

According to Grigoryan, the amount of money transfers from Russia is on the continuing rise having
positive effect on the financial stability of Armenia, but the Central Bank has modeled possible developments in the case of a significant decline in private remittances from Russia.

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Asatryan: Official rate of monetization of Armenian economy doesn’t reflect real things

29.04.2013 20:10

The official rate of monetization of Armenia’s economy doesn’t reflect real things at the money market because shady dealings are commonplace here, Bagrat Asatryan, a former chairman of the Central Bank of Armenia, said today

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Armenia lacks long-term socioeconomic development model, Expert says

25.04.2013 17:51

Armenia should elaborate a long-term social and economic development model, head of the economy and business institute of Russian-Armenia (Slavonic) University, former minister of finance and economy Edward Sandoyan said

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Economic activity in Armenia ups 8% over two months in 2013

20.03.2013 14:42

Economic activity in Armenia rose by 8% in January-February 2013 from the same period a year earlier, according to the National Statistical Service of Armenia

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Armenian ministry of finance: Armenia will provide economic growth in 2010

26.07.2010 18:00