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. |
Friday, March 10 2023 18:37
ArmInfo.From March 10 to March 12, IDBank takes part in the DigiTec Expo exhibition, presenting its products in a joint booth with Idram. >>> |
Thursday, March 9 2023 14:34
ArmInfo. On March 9, the Armenian government approved the signing of an agreement with the government of the Russian Federation on the sale and purchase of the Russian Federation's share in the paid-in authorized capital of the Eurasian Development Bank (EDB). >>> |
Wednesday, March 8 2023 11:51
ArmInfo.On 3 March 2023, an event dedicated to the 1st anniversary of AraratBank joining the United Nations Global Compact international initiative was held in the banquet hall of the “Zargatsum” branch of AraratBank. >>> |
Tuesday, March 7 2023 16:50
ArmInfo.Converse Bank has prematurely completed the placement of his bonds with total amount of 3 billion AMD and 10 milion USD.The bonds will soon be listed on the AMX-Armenia stock Exchange, after which they will be put into circulation on the secondary market. >>> |
Tuesday, March 7 2023 11:54
ArmInfo.The Eurasian Development Bank (EDB) forecasts 7.2% inflation in Armenia by the end of the 1st quarter of this year. This February, 8.1% inflation was recorded in Armenia - no change as against this January. >>> |
Friday, March 3 2023 17:40
ArmInfo. ACBA Bank has started the primary offering of USD and AMD coupon non- documentary bonds in the amount of USD 5 million and AMD 3 billion. As noted in the message of the Bank, the primary offering of these issues started on March 1, and completion is scheduled until May 31 inclusive. >>> |
Thursday, March 2 2023 21:39
ArmInfo.Ameriabank's SME loan portfolio amounted to AMD 163.6 billionas of December 31, 2022, representing a double increase over the last five years, the press service of the Bank reports. >>> |
Wednesday, March 1 2023 15:36
ArmInfo. Armenia's gross international reserves (GIR) fell from a historic high of $4.112 billion in December 2022 to $3.689 billion in January 2023. In particular, gross international reserves decreased in January by 10.3% or by $422.6 million (after December's 17% growth or by $594 million). At the same time, the y-o-y dynamics remained in growth, but with a noticeable slowdown in rates from 31% to 18%, i.e. in absolute terms, last year's growth by $738 million has narrowed this year to $551 million. This is evidenced by the data of the Central Bank of the Republic of Armenia. >>> |
Tuesday, February 28 2023 22:04
ArmInfo. In Armenia, the total volume of plastic transactions accelerated y-o-y growth from 26.3% in 2021 to 34.7% in 2022, exceeding 4.4 trillion drams or $11.3 billion (including transactions abroad with cards of Armenian issuing banks). This is evidenced by the data of the Central Bank of the Republic of Armenia, according to which the volume of transactions carried out abroad with the cards of the issuing banks of Armenia increased 2.1-fold on a y-o-y terms up to 456.5 billion drams or 1.2 billion dollars (10.3% of the total plastic transactions). >>> |
Tuesday, February 28 2023 18:29
ArmInfo.In Armenia, the double-digit growth in the number of vPOS-terminals continues, along with regular POS-terminals. In Q4 2022, compared to the same period in 2021, the number of vPOS-terminals increased by 15.7% or 503 units (up to 3703 units), with the 3.8-fold growth of regular POS-terminals by 50537 units, while a year earlier the growth of both vPOS-terminals and regular POS-terminals was almost the same - 30.1% and 41 .1% respectively. >>> |
Tuesday, February 28 2023 18:29
ArmInfo. According to the Fitch Ratings forecast for 2023, Armenia's public debt will decrease to 47.3% of GDP, and external debt - to 38.1% of GDP, while economic growth slows down to 6.1%. The agency also expects that in 2023 inflation in Armenia will be 6.5%, GDP per capita - $7472, the state budget deficit - 2.5% of GDP, and the current account deficit (including FDI) will remain at 1.2 % of GDP. This is noted in the February Fitch rating report on the capital of Armenia - Yerevan. >>> |
Friday, February 24 2023 18:38
ArmInfo.As of January 1, 2023, there were 3.184 million cards in the plastic market of Armenia (including co-badged ArCa-MIR and Russian MIR cards), with an acceleration of y-o-y growth from 8.3% to 17.8%. >>> |
Wednesday, February 22 2023 19:05
ArmInfo.Fitch Ratings, an international credit rating agency, affirmed Ardshinbank’s Long-Term Issuer Default Rating at B+, upgrading Outlook to Positive from Stable. >>> |
Tuesday, February 21 2023 12:15
ArmInfo. Last year saw a rapid growth in individual money transfers from Russia to Armenia - a 4-fold growth, up to $3.6bln. >>> |
Monday, February 20 2023 13:43
ArmInfo. HSBC Bank Armenia CJSC (hereinafter HSBC Armenia/Bank) has been awarded two recognitionsbythe reputable "Euromoney"publication. This is stated in the official statement of HSBC Bank Armenia. >>> |
Friday, February 17 2023 10:04
ArmInfo.Armenia's private sector will benefit from new green technology financing thanks to the funding from the European Bank for Reconstruction and Development (EBRD) and a concessional finance from the Green Climate Fund (GCF), provided to HSBC Bank Armenia under the EBRD's Green Economy Financing Facility (GEFF). >>> |
Wednesday, February 15 2023 20:31
ArmInfo.Ameriabank continues expanding its branch network to be closer to its clients in their communities. This time, the new branch of Ameriabank has opened its doors in Avan administrative district of Yerevan. “Avan” is the 25th branch of Ameriabank. >>> |
Tuesday, February 14 2023 15:43
ArmInfo.AraratBank, consistent with its customer-centric policy and in view of the demand for low-interest loans, kicks off a new credit offer for both small and medium-sized enterprises and major customers. >>> |
Tuesday, February 14 2023 13:24
ArmInfo. According to the estimates by experts of the Eurasian Development Bank (EDB), private money transfers to Armenia, Kazakhstan, Kyrgyzstan and Uzbekistan totaled $2.6bln last year - a 1.9-fold growth as compared with 2021. >>> |
Friday, February 10 2023 12:38
ArmInfo. The share of foreign-exchange mortgage loans in the Armenian commercial banks' loan portfolio has been 17% over the last five years, Hovhannes Khachatryan, Vice-Chairman of the Central Bank of Armenia (CBA), stated in Parliament on February 10. >>> |
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