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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

YEREVAN, July 18. /ARKA/. Armenian business people prefer bank deposits to investment in the real economy, Artak Manukyan, an economist, told reporters on Monday.

In his words, deposit resources at Armenia's banks have grown 23% since 2015 to $5 billion.

This is the only segment in the country's economy that is intensively growing despite the downing interest rates.

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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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Equalizing volumes of deposits and lending carries risk for Armenian economy

13.02.2017 18:08

Equalizing volumes of deposits and lending carries risk for Armenian economy

The volume of deposits at Armenian commercial banks is almost comparable with their overall lending, which carries some risks for the economy, economist Vilen Khachatryan told a news conference last Friday

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No threat of default- deputy central bank chairman says

07.02.2017 19:12

No threat of default- deputy central bank chairman says

Armenian Central Bank’s deputy chairman Nerses Yeritsyan has shrugged off today allegations by Hrant Bagratyan, a lawmaker from the oppositional Armenian National Congress (HAK) that Armenia has approached the verge of default

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Economic growth is projected at 3.2% in Armenia’s 2017 draft government budget

31.10.2016 15:33

Economic growth is projected at 3.2% in Armenia’s 2017 draft government budget

In Armenia’s draft government budget for 2017, economic growth is projected at 3.2%, Karen Karapetyan, Armenian prime minister, said Monday while presenting the draft budget to the parliamentary commissions

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Armenian central bank’s total external liabilities in July 2016 stood at $624.5 million

29.09.2016 16:31

Armenian central bank’s total external liabilities in July 2016 stood at $624.5 million

Armenian Central Bank’s total external liabilities in July 2016 stood at $624.5 million, having increased by 0.5% from the previous month, according to the regulator’s monthly bulletin for July 2016

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The enthusiast of Armenian honey-making

14.09.2016 17:44

The enthusiast of Armenian honey-making

Businessmen, who have arrived to their homeland continue to replenish the Armenian economy with their experience, innovative thinking and unique approaches

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Central bank- revaluation of dram causes no concern

08.06.2016 15:22

Central bank- revaluation of dram causes no concern

The chairman of the Armenian Central Bank Artur Javadyan downplayed Tuesday concerns that the revaluation of the national currency, the dram, may cause damage to the economy

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Minister expects more than 3 percent growth in 2016

12.04.2016 16:50

Minister expects more than 3 percent growth in 2016

For 2016 we project to have a more than 3% economic growth, economy minister Artsvik Minasyan said today

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IMF does not expect Karabakh events to have impact on economic growth

06.04.2016 18:56

IMF does not expect Karabakh events to have impact on economic growth

Speaking at a news conference today in Yerevan, Hossein Samiei, International Monetary Fund (IMF) Mission Chief to Armenia

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