RAEX-Europe confirmed Armenia`s ratings at `BB-` with outlook "Positive" Thursday, January 16 2020 14:53:00
|
 ArmInfo. Rating-Agentur Expert RA confirmed the sovereign government credit rating (SGC) of Armenia at 'BB-' (Sufficient level of creditworthiness of the government) in national currency and at 'BB-' (Sufficient level of creditworthiness of the government) in foreign currency. |
Tuesday, January 14 2020 19:24
ArmInfo. The growth of the retail loan portfolio of the banking system of Armenia over the past months has become more supported and supported by a growing mortgage, which in turn is "spurred on" by a trend of stable increase in property prices. >>> |
Tuesday, December 10 2019 21:04
ArmInfo. By November 2019, the banking system of Armenia even more accelerated the annual growth in retail lending - up to 36.3%, which was largely due to the high activity of consumer lending, including mortgages, whose share reached 27.5%, thanks to an increase of almost 40 % According to the Central Bank of Armenia, from 2018 to November, the current growth rate of consumer lending from 11.1% jumped to 30.9%. >>> |
Friday, December 6 2019 21:54
ArmInfo. The total loan portfolio of Armenian banks as of November 1, 2019 exceeded 3.1 trillion drams ($ 6.5 billion), slowing annual growth from 21% to 15%. At the same time, the volume of dram loans reached 1.5 trillion drams ($ 3.2 billion), and foreign currency loans -1.6 trillion drams ($ 3.3 billion). According to the Central Bank of the Republic of Armenia, in the structure of the loan portfolio, a slowdown in annual growth was observed both in terms of the dram component and the currency component. Nevertheless, dram loans showed a high growth of 32.1% (against 40.5% a year earlier), while foreign currency growth turned out to be meager - 2.1% (against 9.6% a year earlier). >>> |
Tuesday, December 3 2019 20:25
ArmInfo. "Agency of Rating Marketing Information" (ArmInfo IC) published and provided its subscribers with a jubilee, hundredth, informational and analytical quarterly newsletter "Financial Ratings of Armenian Banks". "This is commensurate with ArmInfo's 25 years of presence in the country's financial analytics market," ArmInfo CEO Emmanuil Mkrtchyan said. >>> |
Monday, November 25 2019 20:32
ArmInfo.Arminfo: “Let the people know the facts, and the country will be safe.” These words of Abraham Lincoln have become challenging for post-revolutionary Armenia more than ever. Such huge piles of political and economic “garbage” have accumulated in the country that its rakers , most likely, not keeping up with their own promises and even thoughts, begin to turn their backs on the astringent smell and stench coming from those. Whatever one may touch it breaks down or threatens to collapse the socio-economic structure built up over a quarter-century, which turned out to be worthless and a non-effective one. >>> |
Tuesday, November 12 2019 16:17
ArmInfo. Attracting several investors to Armenia represented by transnational corporations (TNCs) will allow the country to start playing for high stakes. This opinion was expressed by Minister of Economy Tigran Khachatryan in an interview with ArmInfo's economic columnist. >>> |
Wednesday, November 6 2019 18:05
ArmInfo. From the next year, the agricultural risk insurance system will start operating in Armenia. At first this program will be pilot, since the situation is similar to the one in mathematics called the equation with many unknowns. >>> |
Wednesday, October 23 2019 18:23
ArmInfo.As a result of structural changes, the Ministry of Agriculture of Armenia was disbanded and became part of the Ministry of Economy. Artak Kamalyan, the Deputy Minister of Agriculture of the Republic of Armenia, was appointed to the post of Deputy Minister of the merged Ministry of Economy of Armenia in May 2019 and was entrusted with overseeing the agricultural sector. In a previous interview to ArmInfo IC Kamalyan, summing up the results of his six-month work as deputy minister, complained about the lack of a systematic approach, teamwork and a lack of qualified personnel. >>> |
Wednesday, September 18 2019 13:43
ArmInfo. From January 1, 2019, the price of Russian natural gas for Armenia was increased from $ 150 to $ 165 per thousand cubic meters. But this is the price "at the entrance" to Armenia, and the internal tariff for the population has remained the same. >>> |
Friday, August 23 2019 12:24
ArmInfo. Jihad Azour, Director of the Middle East and Central Asia (MCD) Department at the International Monetary Fund (IMF), has recently visited Armenia. He is a well-known Lebanese economist and politician, who served as Lebanon’s Minister of Finance under Fouad Saniora’s government from 2005 to 2008, and author of a number of critical reforms in Lebanon's public administration and taxation system. >>> |
Wednesday, July 10 2019 14:30
ArmInfo.The fishing industry in Armenia after the decline in revenue from 2014 to 2016 began to recover only in 2017, increasing turnover by 9.8%. In 2018, the growth rate of gross output of the Armenian fishery sharply accelerated to 26.2%, ensuring revenues in the amount of 36.6 billion AMD. >>> |
Friday, May 31 2019 12:26
ArmInfo.Flow of bank clients to online mode suggests digital transformation of business. The players of the Armenian banking sector have followed the new rules by actively transferring to the digital format firstly corporate and retail services, which are in the greatest demand. >>> |
Wednesday, May 29 2019 20:45
ArmInfo.Against the background of political turbulence associated with the "velvet revolution" in April-May 2018, the Armenian banking system demonstrated high reliability, maintaining a previously reached sufficient level of liquidity, strong capitalization, healthy loan portfolio, substantial deposit base and moderate profitability, this is stated in the regular industry research of Armenia's banking system prepared by experts of AmRating national rating agency in cooperation with European Rating-Agentur Expert RA GmbH ( https://raexpert.eu/files/Industry_report_Armenia_Banks_27.05.2019.pdf ) As it is noted in the report, the new economic policy of the government, headed by the leader of the "velvet revolution" and Prime Minister Nikol Pashinyan, differs in many ways from the former highly corrupt system, which was built up with the existence of the so-called "shadow economy". The new policy's significant adjustments of ingrained economic life affected some spheres of the economy and, as a result, influenced to some extent macroeconomic indicators. >>> |
Tuesday, May 7 2019 11:20
ArmInfo. Armenia became a member of the International Monetary Fund (IMF) on May 28, 1992. Since then, the IMF has been providing macroeconomic policy advice and assistance to Armenia, including under Fund-supported programs. >>> |
Monday, May 6 2019 10:42
ArmInfo.Citizenship by Investment (CBI) is a concept widely practiced all over the world. For the first time, representatives of Arton Capital, a company registered in Canada, specializing in citizenship programs through investments, spoke about it in Armenia in May 2017 at a meeting with the former head of the Ministry of Economic Development and Investments. >>> |
Wednesday, April 10 2019 17:52
ArmInfo. with the Lydian mining company, which operates the Amulsarskoye field, may adversely affect the overall investment image of Armenia and the plans for issuing new Eurobonds in 2020. In an interview with ArmInfo, former Minister of Finance of Armenia Vardan Aramyan stated this opinion >>> |
Monday, April 8 2019 15:13
ArmInfo. The restrictions imposed in 2018 related to the legislative regulation of the ratio of public debt to GDP were not an end in themselves and the revision of these parameters is fraught with consequences. Former Minister of Finance of Armenia Vardan Aramyan expressed this opinion in an exclusive interview with ArmInfo. >>> |
Tuesday, March 19 2019 20:04
ArmInfo.HSBC Bank Armenia CJSC (HSBC Armenia) has strong principles of corporate social responsibility. In line with these principles, the bank has recently held an Open door event to increase the financial literacy in community and ensure awareness of banking services and products. During this event, the bank's management presented to visitors a number of topics including effective management of savings, clients’ rights protection, management and risk assessment of banking products and cost optimization. >>> |
Monday, March 18 2019 15:39
ArmInfo. Interview of the Minister of Transport and Communication of Bulgaria Rossen Jeliazkov with ArmInfo News Agency, where he talks about the prospects for the development of Armenian-Bulgarian relations, about the need to stimulate trade and economic relations, about the upcoming visit of the RA Prime Minister to Sofia and many other things. >>> |
Monday, December 17 2018 15:23
ArmInfo. Despite the high ratioof capital adequacy, at least among the largest players in the Armenian banking market, the opportunities for its optimal use are severely limited, Financial Director of one of the largest banks in Armenia, former Minister of Finance David Sargsyan stated at a banking conference organized by Fitch Ratings international agency last week in Yerevan. >>> |
AmRating: A growing low-cost mortgage is "spurred on" by a steady increase in property prices
AmRating: Increasing toxicity of consumer loans will push banks to not put all their eggs in one basket
John D & Sosi Balian Foundation will allocate $ 1.65 million for construction and improvement of new building of Erebuni Archaeological Museum-Reserve
Mining Industry as a Fanciful Game of Cats-and-Mice
Russian processing company "MultiCarta" discussed cooperation opportunities with Yerevan Municipality in the transport sector