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Armenian commercial banks' lending to economy in first quarter grew to 3.5 trillion drams

14.05.2020 21:04

Armenian commercial banks' lending to economy in first quarter grew to 3.5 trillion drams

YEREVAN, May 14. /ARKA/. Armenia's banking sector was quick to respond to the situation caused by the spread of coronavirus, Mher Abrahamyan, Chairman of the Union of Banks of Armenia, said today.

He said the Central

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Former economy minister forecasts how long COVID 19 situation will last in Armenia and how many people will be infected

06.04.2020 14:40

Former economy minister forecasts how long COVID 19 situation will last in Armenia and how many people will be infected

Armenia is currently in the stage of spreading a new type of coronavirus, but, unlike Russia, it is closer to the end of this stage, Armen Yeghiazaryan, Associate Professor of the Department of Economic Theory and Problems of Transition Economics of the Russian-Armenian University and Former Minister of Economy of Armenia, said in his article “Analysis and Forecast of the Spread of Coronavirus in the World as of April 2, 2020,” posted on the university’s website. “As of April 3, the incidence rate in Armenia was 248 people per million people,” he said

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Damage to Armenian economy from coronavirus to amount $ 1.53 billion, GDP to shrink more than 11% - former economy minister

06.04.2020 13:15

Damage to Armenian economy from coronavirus to amount $ 1.53 billion, GDP to shrink more than 11% - former economy minister

The damage to the Armenian economy from the coronavirus in the base scenario will amount to $ 1.53 billion (or 11.2% of the 2019 GDP), according to a study by Vahram Avanesyan, a former minister of economy of Armenia, published on the website of the Russian-Armenian University

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EDB: Armenian economy speeds up growth

11.09.2019 19:31

EDB: Armenian economy speeds up growth

YEREVAN, September 11. /ARKA/. Armenia’s economic activity index increased by 8.1% in July 2019 as opposed to the same month of 2018. Compared with June 2019, the figure upped by 3.4%, the Eurasian Development Bank (EDB) said. Konstantin Fedorov, head of an EDB unit, in charge of economic analyses, said the growth could have been […]

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Armenian economy minister discusses with World Bank representatives trade development prospects

25.07.2019 11:19

Armenian economy minister discusses with World Bank representatives trade development prospects

Armenian Economy Minister Tigran Khachatryan met with representatives of the World Bank’s Trade Promotion and Quality Infrastructure program on Tuesday and discussed with them the criteria and studies arranged yet with the previous mission

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Armenian central bank has no connection with ‘Banks, Loans, Investments and Economy’ expo

15.11.2018 14:21

Armenian central bank has no connection with ‘Banks, Loans, Investments and Economy’ expo

The Central Bank of Armenia reported Wednesday that it has no connection with the expo ‘Banks, Loans, Investments and Economy’, despite the event organizers has used the logo of the regulator

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Armenian economy not threatened, minister says

17.05.2018 18:56

Armenian economy not threatened, minister says

Armenia’s economic performance can not deteriorate to an extent as to pose a threat to the government, Minister of Economic Development and Investments Artsvik Minasyan said today

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IMF estimates Armenia’s informal economy at 36% of GDP

07.02.2018 16:59

IMF estimates Armenia’s informal economy at 36% of GDP

A recent study by the International Monetary Fund (IMF) titled, ‘Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?’ estimates Armenia’s informal (shadow) economy at 36% of its overall GDP

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Armenian entrepreneurs prefer bank deposits to investment in real economy – economist

18.07.2017 18:00

Armenian entrepreneurs prefer bank deposits to investment in real economy – economist

Armenian business people prefer bank deposits to investment in the real economy, Artak Manukyan, an economist, told reporters on Monday

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Foreign direct investments in Armenian economy grew by 30% in quarter one, 2017

31.05.2017 17:45

Foreign direct investments in Armenian economy grew by 30% in quarter one, 2017

Foreign direct investments (FDI) into the Armenian economy in the first quarter of 2017 amounted to the equivalent of 19.743.2 billion drams, up from 14.987.2 billion drams in the same time span of 2016, an increase of 31%, the National Statistical Service (NSS) reported today

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