Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024

 Friday, May 3 2024 11:43:00
Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024

ArmInfo.Armenia's gross international reserves (GIR), after reaching a record $4.220 billion in August 2023, then began to decline monthly, amounting to $3.304 billion by April 1, 2024. On an annual basis, this figure decreased by 11.3% (or by $420.4 million), in while in 2023, annual growth of 26.7% (or $784 million) was recorded, according to the data by the Central Bank of the Republic of Armenia.

Armenia`s gross international reserves decreased by 9.4% in Q1 2023
 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.

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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%.

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Martin Galstyan: Even in negative scenario, Armenia`s banking system  is able to absorb possible losses, while maintaining continuity of  financial intermediation
 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.

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CBA Head: Final victory has not yet been won in fight against  inflation
 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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USD, RUB transactions down on Armenia`s interbank foreign exchange market in late April
 Saturday, April 29 2023 12:32

ArmInfo. April 25 to 28, 2023, on Armenia's interbank foreign exchange market, USD and RUB transactions showed a decline, with no EUR transactions effective for two weeks  running. Daily USD transactions were effected, with only two RUB  transactions. As a result, USD transactions showed a 56.5% decline  against a 30.6% growth, with RUB transactions showing a 33.3% decline  against a 13.2% growth. As a result, the total amount of USD  transactions exceeded the total amount of RUB transactions 5.6-fold  against 8.6-fold the previous week. 

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IDBank participates in "The Future Is Under Construction" Career City Fest 2023
 Friday, April 28 2023 11:42

ArmInfo.On April 28 and 29, Career City Fest will be held for the first time at the Meridian Expo Center. Here, the candidates will meet their future employers and have the opportunity to find their dream job.

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Milan Academy Junior Camp to take place in Armenia with leading companies coming together to support young people from regions
 Thursday, April 27 2023 17:22

ArmInfo.Milan Academy Junior Camp is coming to Armenia and will host 160 from the regions of Armenia, to offer unique opportunity to train with some of the world’s best coaches led by Claudio Zola.

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In Q1 2023, Armenia`s banking sector increased tax payments to state treasury by 58%
 Thursday, April 27 2023 14:44

ArmInfo. The banking sector of  Armenia in Q1 2023 increased tax payments to the state treasury by  58% per annum - up to 20.5 billion drams ($52.7 million). Of this  amount, 85.7% or 17.6 billion drams was paid in direct taxes, with a  y-o-y increase of 62%. This is evidenced by the data of the State  Revenue Committee of the Republic of Armenia on the list of 1000  large taxpayers of the country, according to which, 9 banks were  included in the first hundred of the list (as in the previous year).

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digiPOS digital terminal from Ardshinbank: cash register in your smartphone
 Tuesday, April 25 2023 16:29

ArmInfo.Continuously improving service conditions and expanding the range of services, Ardshinbank presents its customers with a new digital payment option - digiPOS digital payment terminal. It is an application thanks to which devices working with Android operating system and NFC system (smartphone, tablet, etc.) become a POS payment terminal.

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ADB attaches particular importance to strategy development for  implementation of new programs in Armenia`s water sector 
 Friday, April 21 2023 15:37

ArmInfo.Deputy Minister of Territorial Administration and Infrastructures of Armenia Vache  Terteryan received delegations from the Asian Development Bank (ADB) and the French Development Agency (AFD).

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Subvention programmes start playing an essential role in Armenia`s  infrastructure development - minister 
 Thursday, April 20 2023 11:45

ArmInfo.Subvention programmes start playing an essential role in Armenia's infrastructure  development, Minister of Territorial Administration and Infrastructure Gnel Sanosyan stated in Parliament on Thursday. 

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AraratBank has been awarded the title of Valued Partner of EBRD
 Wednesday, April 19 2023 13:46

ArmInfo.AraratBank has been awarded the title of Valued Partner of EBRD by the European Bank for Reconstruction and Development for lasting and effective cooperation between EBRD and AraratBank.   As informed by the bank, the effective and long-term cooperation between the European Bank for Reconstruction and Development and AraratBank started as early as 2007.  

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German GP Papenburg construction concern got acquainted with  Armenia`s investment opportunities in road construction sector
 Monday, April 17 2023 22:22

ArmInfo.RA Deputy Minister of Territorial Administration and Infrastructure Kristine Ghalechyan   received a delegation led by Klaus Papenburg, a German entrepreneur, a representative of the GP Papenburg large construction holding.

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Smart solution from AraratBank: electric car loans at an interest rate starting at 9%
 Friday, April 14 2023 15:27

ArmInfo.AraratBank, in cooperation with Muran company, offers a smart solution – a loan for the purchase of an electric car starting at 12% in AMD and at 9% in USD. The annual interest rate depends on loan maturity.

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EBRD to allocate EUR 30mln to SME development in Armenia
 Friday, April 14 2023 15:11

ArmInfo. As part of the EU4Business initiative the EU launched in Armenia in July 2021, the European Bank for Reconstruction and Development (EBRD) and Armenian  financial institutions signed EUR 30mln credit lines, Lilit Gharayan  Team Leader EU4Business- EBRD Credit Line Armenia, said at the forum  entitled "EU4Business-EBRD Credit Line in Armenia - Impact to date  and Way Ahead" on April 14.  

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Armenia to receive  $24.8 million stand-by loan from IMF in June
 Friday, April 14 2023 14:13

ArmInfo.About $24.8 million of the stand-by loan will become available to Armenia after the meeting of the Board of the International Monetary Fund (IMF) in mid- June  this year. This is noted in the message of the IMF. 

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AMD 6․463․511 for the installation of solar water heaters in Artsakh: the next beneficiary is the program of identification of the professional potential of war veterans
 Wednesday, April 12 2023 11:42

ArmInfo.The Power of One Dram program of Idram and IDBank has already crossed the mark of 120 million drams.

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From beneficiary to donor: Armenia change its status in WB  International Development Association 
 Tuesday, April 11 2023 14:40

ArmInfo. Today, Armenia became an official donor to the World Bank's International Development Association (IDA) with a paid-in contribution of $1 million, the WB  Armenian office reports.

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Net FDI inflow to Armenian economy over 2022 increased by 72.5% to  $462 million 
 Thursday, April 6 2023 18:08

ArmInfo.The net flow of total foreign investment in the real sector of the Armenian economy in 2022 amounted to 196.718 billion drams or $499.8 million, recording a 15% increase in dollar terms.

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Martin Galstyan: Central Bank`s main focus points are cooperation  with private sector, infrastructure development and data 
 Wednesday, April 5 2023 19:04

ArmInfo.The main focuses of the Central Bank's attention are cooperation with the private sector, the development of infrastructures and data. Governor of the Central  Bank of Armenia Martyn Galstian stated this during the Doing Digital forum.

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03.05.2024
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