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Central bank chairman names reasons behind 2018 growth

05.06.2019 18:24

Central bank chairman names reasons behind 2018 growth

YEREVAN, June 5. /ARKA/. According to the chairman of the Central Bank of Armenia Artur Javadyan, the fiscal policy of the country in 2018 was based on the new rules, in which the main emphasis was placed on balancing the stability of the national debt, which suggests in turn cuts on public debt and the budget deficit.

Speaking in parliament today he said these were the main reasons securing economic growth last year, when the government revised its spending in a bid to improve its efficiency. The move enabled to reduce the state budget deficit and the domestic demand.

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IMF expects economic growth in Armenia to moderate to about 4½ percent in 2019

28.03.2019 18:37

IMF expects economic growth in Armenia to moderate to about 4½ percent in 2019

In an exclusive interview with ARKA news agency the Resident Representative of the International Monetary Fund (IMF) in Armenia Yulia Ustyugova said economic growth is expected to moderate to about 4½ percent in 2019

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Armenian central bank projects 4.6-6.1 percent growth for 2019

27.03.2019 17:28

Armenian central bank projects 4.6-6.1 percent growth for 2019

According to Armenian Central Bank’s short-term forecast, in 2019 the country’s economy will expand from 4.6-6.1%

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Armenia’s aggregate state debt amounts to over $6.7 billion

31.01.2018 15:53

Armenia’s aggregate state debt amounts to over $6.7 billion

Armenia’s aggregate state debt amounted to $6.774.6 billion at the end of 2017, an increase of 14% or $832.5 million from the previous year

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Money transfers to Armenia show positive growth trend

17.08.2017 18:39

Money transfers to Armenia show positive growth trend

Money transfers sent to Armenia in June 2017 increased by 9.1% when compared to 2016 May to $148 million, the Eurasian Development Bank (EDB) said in a monthly review of macroeconomic indices across the Russia-led Eurasian Economic Union (EEU)

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Over 2 trillion drams remitted in 2016 October

19.12.2016 13:29

Over 2 trillion drams remitted in 2016 October

The total amount of money transfers made by Armenian commercial banks in 2016 October by using their non-cash instruments amounted to 2.051.8 trillion drams, an increase of 7% when compared with the same period last year

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Armenian investment companies’ assets grew by 3.6 percent in October to 41.6 billion drams

15.12.2016 18:50

Armenian investment companies’ assets grew by 3.6 percent in October to 41.6 billion drams

The assets of Armenian investment companies in October 2016 increased by 3.6% when compared to September, amounting to 41.6 billion drams, according to the monthly bulletin of the Central Bank of Armenia for October 2016

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Armenian government’s external debt grows to $4.6 billion

01.12.2016 18:28

Armenian government’s external debt grows to $4.6 billion

As of late September 2016, Armenian government’s external stood at $4.591.9 billion, an increase of 6.4% from the beginning of the year, according to the National Statistical Service (NSS).

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Armenian central bank’s total capital reaches AMD 17.3 billion in late September 2016

30.11.2016 16:28

Armenian central bank’s total capital reaches AMD 17.3 billion in late September 2016

The total capital of the Central Bank of Armenia amounted to AMD 17.3 billion in late September 2016 against AMD 2.6 billion in late December 2015, the regulator’s press office reported on Wednesday

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Consumer lending by Armenian banks grew by one percent to 427.4 billion drams

29.11.2016 16:10

Consumer lending by Armenian banks grew by one percent to 427.4 billion drams

The overall consumer lending by Armenia-based commercial banks at the end of October 2016 stood 427.4 billion drams, a 1% rise when compared to the beginning of the year, according to the data, released by the Central Bank

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