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EFSD: Armenian growth is driven largely by exports

17.11.2017 17:42

EFSD: Armenian growth is driven largely by exports

YEREVAN, November 17. /ARKA/. The Eurasian Development Bank (EDB) commends Armenia for the positive effect from a set of reforms carried out by its government, Alisher Mirzoyev, a senior official at the Eurasian Fund for Stabilization and Development (EFSD) in charge of financial loans, said in an exclusive interview to ARKA news agency.

"In the first half of 2017, Armenian GDP grew by 5.9% compared to 3.5% growth in the same period in 2016. In the first 9 months of 2017 the economic activity index accelerated to 5.1% compared to 1.6% for that period in 2016," he noted.

Mirzoyev said also Armenia’s economic growth since 2014 has been largely driven by exports. Thus, according to the National Statistical Service, exports in January-September of 2017 increased by 19.1% from the year before to $1.5 billion. Exports to several former Soviet republics, making the Commonwealth of Independent States (CIS) grew by 25.2% to $360.8 million, exports to EU countries surged by 33.8% to $462.9 million, and to other countries it grew by 8.8% to $722.9 million.

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Kamurj joins government program on subsidized loans

09.11.2017 16:30

Kamurj joins government program on subsidized loans

The Kamurj credit organization has joined an Armenian government’s program designed to provide subsidized agricultural loans, the ministry of agriculture said

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Armenian citizens to be allowed to choose currency for repaying loans

25.10.2017 16:17

Armenian citizens to be allowed to choose currency for repaying loans

The Armenian National Assembly passed Wednesday at the second and final reading amendments to the law on residential mortgage lending

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Unibank offers mortgage loans without prepayment

04.10.2017 12:38

Unibank offers mortgage loans without prepayment

Unibank offers mortgage loans without prepayment at primary and secondary markets for acquisition of residential accommodation and premises for business, the press office of the bank reported on Wednesday

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Anelik Bank’s clients may use Idram to repay loans

06.09.2017 18:45

Anelik Bank’s clients may use Idram to repay loans

Anelik Bank said today that its customers may use the Idram payment service’s platforms to pay off their loans online

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Armenian farmers may claim loans at 2 percent rate

02.08.2017 17:27

Armenian farmers may claim loans at 2 percent rate

As part of a project designed to encourage Armenian farmers to switch to drip irrigation, the latter will be able to receive loans at a rate of 2% per annum for a period of three years, the press service of the Ministry of Agriculture said today

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Loans provided to Armenian residents grew by 1.7 percent in June

01.08.2017 17:28

Loans provided to Armenian residents grew by 1.7 percent in June

The amount of loans provided to residents by Armenian banks in June increased by 1.7% from the previous month to 2.226.8 trillion drams, according to the Central Bank. It said when compared to the beginning of the year, loans to residents grew by 5.2%

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VTB Bank (Armenia) offers new loans to small businesses

28.07.2017 13:39

VTB Bank (Armenia) offers new loans to small businesses

VTB Bank (Armenia) has launched a unique lending program for small businesses, the bank’s press office reported on Friday

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VTB bank (Armenia) offers deposit-secured loans and credit lines

26.07.2017 16:38

VTB bank (Armenia) offers deposit-secured loans and credit lines

The Russian-owned VTB Bank (Armenia) said today its customers, who open deposit accounts or already have such accounts at the bank, can seek deposit-secured consumer loans and credit lines. It said a consumer loan or a credit line can be obtained in minutes and without having to produce additional documents

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Share of non-performing loans in Armenia doesn’t exceeds 7.5 percent

10.07.2017 19:15

Share of non-performing loans in Armenia doesn’t exceeds 7.5 percent

The share of non-performing loans in Armenia doesn’t exceeds 7.5 percent, Arthur Javadyan, head of the central Bank of Armenia said Friday at an extraordinary session of the National Assembly

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