ArmInfo.The Central Bank of Armenia decided to reduce the refinancing rate by 0.25 pp, setting it at 8.5% - from 8.75.
ArmInfo.The share of non-cash transactions in 2023 increased to 51% of the total volume In the Armenian plastic card market, (from 40% in 2022), to 3.2 trillion drams ($7.9 billion) in absolute terms. Moreover, the y-o-y growth rate of the volume of non-cash transactions accelerated from 69.7% to 2-fold. The increase in the share of non-cash transactions with Armenian cards resulted from a legislative restriction on cash transactions introduced from July 1, 2022.
ArmInfo.Armenia's economic activity increased by 10.7 percent in January 2024 compared to January 2023 (versus 10.5% growth a year earlier). In January alone, economic activity decreased by 45.1% (versus a 46.1% decline in January 2023), and the decline was recorded in all areas except the energy complex, according to the final data of the RA Statistical Committee.
ArmInfo.Armenia's economic activity increased by 10.7 percent in January 2024 compared to January 2023 (versus 10.5% growth a year earlier). In January alone, economic activity decreased by 45.1% (versus a 46.1% decline in January 2023), and the decline was recorded in all areas except the energy complex, according to the final data of the RA Statistical Committee.
ArmInfo. In Armenia, consumer prices are falling due to cheaper food products, such as cereals, flour, meat, butter, fish, bread, cheeses, vegetables and fruits. In parallel, an increase in prices for gasoline, alcohol and cigarettes is recorded. In addition, the prices of services continue to increase, especially the tariffs for personal transport services have risen sharply, by the data of the RA Statistical Committee.
ArmInfo. In Armenia, consumer prices are falling due to cheaper food products, such as cereals, flour, meat, butter, fish, bread, cheeses, vegetables and fruits. In parallel, an increase in prices for gasoline, alcohol and cigarettes is recorded. In addition, the prices of services continue to increase, especially the tariffs for personal transport services have risen sharply, by the data of the RA Statistical Committee.
ArmInfo. In Armenia, the number of virtual terminals (vPOS) by 2024 reached 4,518 thousand, of which over 51% or 2,322 thousand are used in points of trade, catering and services.
ArmInfo. In Armenia, the number of virtual terminals (vPOS) by 2024 reached 4,518 thousand, of which over 51% or 2,322 thousand are used in points of trade, catering and services.