EBRD improves Armenia`s GDP growth forecast for 2024 from previous 4.5% to updated 6.2% Wednesday, May 15 2024 17:13:00
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 ArmInfo.The European Bank for Reconstruction and Development (EBRD) has improved its GDP growth forecast for Armenia for 2024 from the previous 4.5% to an updated 6.2% (versus actual 8.7% growth in 2023), expecting a slowdown to 4.8% in 2025, according to the Bank's latest Regional Economic Prospects. "Taming inflation" report, published today. |
Wednesday, May 31 2023 22:24
ArmInfo.From May 30 to December 30, get IDBank's Visa Business Platinum payment card with a monthly service fee of AMD 3,000 or AMD 30,000 per year. This means that the premium class business card introduced for the first time in Armenia by IDBank can now serve your business on more profitable terms. >>> |
Wednesday, May 31 2023 10:56
ArmInfo.ARMSWISSBANK informs about starting the placement of 3 coupon bonds from 1st of June, 2023. >>> |
Saturday, May 27 2023 15:12
ArmInfo. As from May 30, 2023, FINCA UCO CJSC intends to underwrite nominal coupon bonds in AMD (code: AMFNCAB2EER0) and USD (code: AMFNCAB2FER7). AraratBank will act as an underwriter and market maker.. AraratBank will act as an underwriter and market maker. The bank said that the bonds will be underwritten through an auction on Armenia Securities Exchange, starting from May 30 till June 2, from 11:00-13:30 daily. >>> |
Wednesday, May 17 2023 16:56
ArmInfo.Armenian National Interests Fund's (ANIF) subsidiary "Entrepreneur + State" Investment Fund will jointly invest with Universal Closures CJSC in expansion of the company's bottle closures and caps production. >>> |
Tuesday, May 16 2023 21:46
ArmInfo. The European Bank for Reconstruction and Developmemnt (EBRD) has improved the GDP growth forecast from 4% to 5%, with the same GDP growth rate expected in 2024 (against the previously forecast 4.8%), according to the EBRD Regional Economic Prospects in the EBRD Regions. High inflation weighs on purchasing power of households." >>> |
Tuesday, May 16 2023 14:18
ArmInfo. The 12-month inflation has increased significantly since March 2022, reaching 10.3% at the end of the second quarter, and then, as a result of the implemented monetary policy, it gradually decreased and reached 8.3% at the end of the year. This was stated by the Deputy Governor of the Central Bank Armen Nurbekyan at May 15 sitting of the NA Standing Committee on Financial-Credit and Budgetary Affairs, presenting the annual report on the activity of the RA Central Bank. >>> |
Friday, May 12 2023 19:26
ArmInfo. The delegation of the Ministry of Finance of Armenia headed by Deputy Minister of Finance Arman Poghosyan participated in the experience exchange events, organized by the Institute of Chartered Accountants in England & Wales (ICAEW) on May 9-12 in London. >>> |
Friday, May 12 2023 15:38
ArmInfo. Attaching importance to providing the general public with objective, reliable and fact-based information in the financial and banking sector, the Union of Banks of Armenia for the fourth year in a row holds a competition to determine the best publications to encourage academics, experts, journalists to cover relevant topics in the financial and banking sector in their activities. >>> |
Thursday, May 11 2023 19:09
ArmInfo.Speaking at the presentation of the International Monetary Fund (IMF) report "Ensuring Macroeconomic Stability in the Caucasus and Central Asia in the Conditions of Ongoing Uncertainty" in Astana, Deputy Governor at Central Bank of Armenia Armen Nurbenkyan mentioned three key factors ensuring the growth of Armenia's economy last year. >>> |
Thursday, May 11 2023 13:03
ArmInfo.The International Bank for Reconstruction and Development (IBRD), the lending arm of World Bank Group, will issue a 92.3mln Euro loan to Armenia for supporting the country's budget. >>> |
Thursday, May 11 2023 11:19
ArmInfo.Environment Minister Hakob Simidyan received Frank Merschl, Senior Program Portfolio Manager of the German Credit Recovery Bank (KfW), and Zara Chatinyan, the bank's representative in Armenia. Deputy Minister Aram Meymaryan took also attended the meeting. >>> |
Monday, May 8 2023 18:27
ArmInfo.The Power of One Dram will be directed to the treatment of children with epilepsy in May. Beneficiary "Path of Life" NGO provides children with epilepsy with diagnosis, medication and necessary treatment. >>> |
Friday, May 5 2023 14:22
ArmInfo.From now on, IDBank's Rocket Line digital installment will be available for a longer period. IDBank informs that the period of the digital installment will depend on the amount of its amount. >>> |
Thursday, May 4 2023 17:38
ArmInfo.The press service of Ardshinbank issued an official statement to customers, in which they warned about the increasing facts of fraud with fake bank pages on the Internet. The statement, in particular, says: >>> |
Thursday, May 4 2023 17:09
ArmInfo. In April 2023, y-o-y inflation in Armenia's consumer market dropped to 3.2% (from 8.4% in April 2022). This was largely due to last year's significant drop in inflation in the food market, and to a lesser extent in non-food products, as service tariffs continued to rise rapidly. This is evidenced by the data of the Statistical Committee of the Republic of Armenia. >>> |
Thursday, May 4 2023 15:06
ArmInfo.On May 4, the Government of Armenia approved the draft Law of the Republic of Armenia "On the Ratification of the Agreement on the Establishment of Local Branches of the German Society for International Cooperation LLC (GIZ) and the Bank for Reconstruction Credits (KFW). >>> |
Wednesday, May 3 2023 16:58
ArmInfo. Armenia's gross international reserves decreased by 9.4% in Q1 2023 (against a 10% decline in Q1 2022) or by $387.4 million, amounting to $3.724 billion (against a historical maximum of $4.112 billion in December 2022). This is evidenced by the data of the Central Bank of the Republic of Armenia. >>> |
CBA: Monetary policy scenario envisages rapid decline in inflation below target of 4% in near future
Tuesday, May 2 2023 22:07
ArmInfo. The scenario of the planned monetary policy (MP) of the Central Bank of RA envisages a rapid decline in y-o-y inflation, which will be below the target level in the near future, and will stabilize at the target level of 4% in the medium term. Head of the Central Bank of the Republic of Armenia Martin Galstyan stated on May 2 during a press conference, presenting the rationale for the regulatory decision to keep the refinancing rate at the level of 10.75%. >>> |
Tuesday, May 2 2023 21:43
ArmInfo.The results of macroprudential stress testing of the banking sector in Armenia show that even under a negative scenario, the system is able to absorb possible losses while maintaining the continuity of financial intermediation. Chairman of the Central Bank of Armenia Martin Galstyan stated during a press conference on May 2. >>> |
Tuesday, May 2 2023 19:26
ArmInfo."Certain processes in the service sector lead us to believe that we have not yet won a final victory in the fight against inflation," Governor of the Central Bank of Armenia, Martin Galstyan said during a press conference today. >>> |
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