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Armenian government to cut rates on mortgage loans

03.09.2018 13:03

Armenian government to cut rates on mortgage loans

YEREVAN, September 3. /ARKA/. The Armenian government is preparing unprecedented mortgage rates for the social housing program, designed for young families, Armenian Prime Minister Nikol Pashinyan said during a live Facebook broadcast on late evening on September 2. He recalled that over the past 45 days several local banks have announced a reduction in mortgage rates.

"There are banks that have reduced mortgage rates by 1-2%. Today, average rates on AMD mortgage loans are 11%, down one percent. This is not a bid drop, of course, but w hope this is the first step in that direction," Pashinyan said.

He said also that the government has long been working on a social mortgage program, which has approached the final stage.

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Armenian government and German KfW willing to expand cooperation

19.06.2018 16:16

Armenian government and German KfW willing to expand cooperation

Armenian Prime Minister Nikol Pashinyan received today a delegation headed by Olaf Zimelka, the regional director of the German Development Bank (KfW) for Central Asia and the South Caucasus

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In 2020 Armenia will need $973.5 million to service its foreign debt

29.05.2018 20:52

In 2020 Armenia will need $973.5 million to service its foreign debt

The amount of money that the government of Armenia earmarks annually to service its foreign debt is gradually increasing, and by 2020 it will reach the maximum of $973.5 million, the deputy head of the Audit Chamber Ara Nranyan told the parliament today

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Armenian president accepts government’s resignation

09.04.2018 16:47

Armenian president accepts government’s resignation

Armenia’s new president Armen Sarkissian who was sworn in on Monday in a special inauguration ceremony, accepted the resignation of the government

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IMF welcomes Armenian government’s intention to implement a comprehensive package of reforms

29.03.2018 16:30

IMF welcomes Armenian government’s intention to implement a comprehensive package of reforms

An International Monetary Fund (IMF) staff team led by Mr. Hossein Samiei visited Yerevan on March 14–28 to conduct initial discussions on a possible new IMF arrangement with Armenia, the press office of the IMF Mission in Armenia reported on Thursday

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Armenian government’s external debt grew by 14.3% in 2017 to about $5.5 billion

02.03.2018 18:19

Armenian government’s external debt grew by 14.3% in 2017 to about $5.5 billion

In Late December 2017 Armenia’s overall external public debt stood at $5.494.9 billion, an increase of 14.3% or $696.6 million from the previous year, according to the numbers, released by the National Statistical Service

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Armenian government accounts for better-than-projected indicators for 2017

22.01.2018 12:05

Armenian government accounts for better-than-projected indicators for 2017

On Friday, representatives of the Armenian finance ministry told Karen Karapetyan, prime minister, that the indicators of 2017 exceed the figures projected in the government budget, the government’s press office reports

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Government to subsidize loans on intensive gardening

21.12.2017 17:47

Government to subsidize loans on intensive gardening

The government of Armenia has approved today a pilot program designed to subsidize interest rates on loans to be provided to farmers engaged in intensive gardening

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Armenian government and Germany’s KfW sign € 23.8-million agreements

19.12.2017 14:40

Armenian government and Germany’s KfW sign € 23.8-million agreements

The Armenian government and German Development Bank (KfW) signed two agreements on Monday as Karen Karapetyan, Armenian prime minister, meet with German Development Bank (KfW) Regional Director Olaf Zimelka

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Armenian government’s external debt up 5.5 percent in 9 months

04.12.2017 15:34

Armenian government’s external debt up 5.5 percent in 9 months

Armenian government’s aggregate external debt stood at $5.067.8 billion at the end of September, an increase of 5.5%, when compared to the beginning of the year, according to the numbers, released by the National Statistical Service (NSS)

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