Armenia’s public debt level not risky, chief treasurer
25.05.2015 19:46
YEREVAN, May 25. / ARKA /. According to Armenia’s chief treasurer Atom Janjughazyan, Armenia is still a country with low debt burden. Presenting today the report on the implementation of the country's budget in 2014 he said Armenia's foreign debt stood at about 1.8 trillion drams as of December 31, 2014 ($3.785.2 billion) or 39.7% of GDP, up from about 1.6 trillion drams ($3.899.1 billion) or 37% of GDP in late 2013.
The bulk of the debt - $3.345.3 billion was owed by the government and about $440 million by the Central Bank.
Janjughazyan said $266 million were spent last year to repay part of foreign debt and interests. Of that amount $162.7 million were the government’s obligations and $103.3 million were the obligations of the Central Bank. The ratio of external debt service to exports was 8.1% against 14.5% in 2013, while the ratio to the budget revenues was 9.7% vs. 15.5% in 2013.
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Ingo Armenia plans hitting amd 9.2 bln in maximum insurance payments this year
04.07.2012 16:16
Ingo Armenia Insurance company intends to hit nearly 9.2 billion drams in insurance
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Armenia occupies tenth place among CIS countries by the level of inflation amounted 0.4% within 7 months of 2011
05.09.2011 17:29
Inflation in Armenia in January-July 2011 compared to the same period of 2010 is registered on the level of 0.4%.
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Central Bank of Armenia expects inflation to ease and fall to projected level
23.05.2011 12:56
The Central Bank of Armenia said last Friday it expects inflation to ease in the second half of the year and fall to the projected level of 4% (±1.5%).
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