The Power of One Dram to the Road of Life Charitable Organization Friday, May 3 2024 18:31:02
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 ArmInfo.“The Power of One Dram” initiative sums up the program of the April month, as a result of which AMD 3,913,063 gathered will be directed by the beneficiary “4090” fund to the provision of tuition fees for students participating in the four-day and 44-day wars, giving the opportunity to a hundred of young people to change their quality of life through education. |
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. >>> |
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. >>> |
Tuesday, April 4 2023 17:46
ArmInfo.The growth of the Armenian economy in 2023 will be 6.5%, followed by a slowdown in 2024 to 5.5%, depending on the factors of internal and external demand. This is stated in the Asian Development Outlook of the Asian Development Bank (ADB), on the economies of the Asia- Pacific region. In particular, the report notes: "Despite headwinds, the economy grew strongly in 2022 on rapid expansion in consumption and services reflecting an influx of people and capital from the Russian Federation. Fiscal and current account deficits narrowed, but inflation accelerated. Growth is expected to moderate in 2023 and 2024 as stimulus from inflows of capital, people, and firms from the Russian Federation wanes. Inflation is expected to moderate, and the current account deficit to widen slightly. Strengthening education is critical for inclusive and sustainable growth." >>> |
Tuesday, April 4 2023 17:28
ArmInfo. The World Bank will provide Armenia with a budget loan in the amount of 92.3 million euros. The loan agreement "Green, sustainable and inclusive development policy" was signed at the Ministry of Finance of Armenia between Head of the Ministry of Finance Vahe Hovhannisyan and Country Manager of the World Bank for Armenia Carolin Geginat. >>> |
Monday, April 3 2023 19:39
ArmInfo.More than 20 top speakers from Armenian and international entities will speak at The Doing Digital Forum (DDF) to be held on April 5 in Yerevan. Forum's founder and organizer is SPRING PR Company, and the co- organizer is Ameriabank. >>> |
Monday, April 3 2023 17:49
ArmInfo.Armenia's gross international reserves (GIR) are decreasing from the historical high - from $4.112 billion in December 2022 to $3.545 billion in February 2023. In particular, in January-February gross international reserves decreased by 13.8% or by $567 million, which was observed at a more restrained pace a year earlier - a decline by 6.7% or by $217.2 million. >>> |
Saturday, April 1 2023 11:23
ArmInfo. On the currency interbank market of Armenia from March 27 to March 31, 2023, the slowdown in the growth of dollar transactions was accompanied by a sharp increase in ruble transactions, while there were no transactions in euro. At the same time, similar dynamics were observed during daily transactions in dollars and 3x transactions in rubles. In particular, the weekly growth of dollar transactions slowed down sharply from 5.6-fold to 15.4%, while the dynamics of ruble transactions improved from the 26.7% decline, increasing 2.3-fold. As a result, the predominance of the total volume of dollar transactions compared to the volume of ruble ones decreased 6-fold from 11.7- fold recorded a week earlier. >>> |
Friday, March 31 2023 19:44
ArmInfo. Ameriabank has been named the Best Bank in Armenia by Global Finance magazine in its 30th annual awards for the World's Best Banks. As ArmInfo was told in the press service of the Bank, when selecting the world's top banks, Global Finance considered a range of criteria, including growth in assets, profitability, geographic reach, strategic relationships, new business development, and innovation in products. Other factors for selection included the opinions of equity analysts, credit rating analysts, banking consultants, and others involved in the financial industry throughout the world. This year's awards were given to banks that attended carefully to their customers' needs in difficult markets and accomplished strong results while laying the foundations for future success. >>> |
Friday, March 31 2023 14:40
ArmInfo. The multifold increase in the inflow of private transfers from Russia to Armenia was accompanied by a sharp increase in their outflow from Armenia to the United States. Thus, in January-February 2023, the inflow of remittances from Russia compared to the same period in 2022increased 7.2-fold, and their outflow to the United States - by 56.4%, and in both cases a significant acceleration of upward rates was recorded from last year's 35 .1% and 15.7%, respectively, in terms of inflow from Russia and outflow to the United States. This is evidenced by the data of the Central Bank of the Republic of Armenia. >>> |
Wednesday, March 29 2023 15:38
ArmInfo. The average y-o-y official inflation rate in Armenia will decrease to 4.4% in 2023 from the actual 8.6% in 2022 (January-December to the same period in 2021), with further downward movement to 3.8% in 2024 and stabilization at target 4% in 2025. Inflation will begin to fall to the target level from the second half of 2023. Such a forecast is presented in the Monetary Policy Program (MPP) of the Central Bank of Armenia for Q1 2023, published on March 28, where GDP growth expectations are set to slow to 5.8% in 2023 (from an actual 12.6% in 2022), followed by a slowdown to 5.2% in 2024 and 4.9% in 2025. Moreover, the Central Bank, pointing to a decrease in inflation in the near future in its scenario, nevertheless warns that some goods and services, which are characterized by rigid prices, will continue to rise in price under the influence of high demand and inflationary expectations. >>> |
Tuesday, March 28 2023 20:27
ArmInfo. The Central Bank forecasts a decrease in the unemployment rate to 12.6% for 2023 (from an estimated 13.6% in 2022). But in the medium term, with a certain adjustment in demand and economic growth potential, the unemployment rate will stabilize near 15%. This forecast is given in the Monetary Policy Program (MP) of the Central Bank published on March 28 for Q1 2023, which also indicates the forecast 5.8 % GDP growth in Armenia for 2023 (against actual 12.6% in 2022). >>> |
Tuesday, March 28 2023 15:48
ArmInfo. Converse Bank completed the allocation of bonds ahead of schedule and has already listed its AMD and USD denominated bonds with the volume of 3 billion and 10 million respectively. The placement was mainly done via Converse Bank’s mobile application, which is the most contemporary, convenient and fast option for customers to purchase the bonds. >>> |
Saturday, March 25 2023 17:26
ArmInfo.The World Bank's Board approved today a new EUR 92.3 million (US$100 million equivalent) loan for the Armenia Green, Resilient and Inclusive Development Policy Operation (DPO). This is stated in the message of the WB. >>> |
Friday, March 24 2023 16:36
ArmInfo.In January 2023, the net inflow of private remittances to Armenia due to the significant increase in receipts from Russia increased noticeably- 4.2-fold compared to January 2022, (from 25.2% growth a year earlier), amounting to $170.2 million in the reporting month. >>> |
Thursday, March 23 2023 12:49
ArmInfo.Armenia's government has approved a proposal to sign a 92.3mln Euro loan agreement between Armenia and the World Bank (WB) for financing the 2023 budget deficit. >>> |
Tuesday, March 21 2023 17:41
ArmInfo.Ameriabank has been named the Best Investment Bank in Armenia by Global Finance, a leading international financial publication. The award recognizes Ameriabank excellence in investment banking and its ability to provide tailored investment banking and advisory solutions designed to meet the clients’ diverse financial needs. >>> |
Tuesday, March 21 2023 17:39
ArmInfo.The cost and capital expenditures of the Dry Port project exceed $100 million, Charle Malas, project lead and advisor to Economy Minister Vahan Kerobyan, told Civil.net. >>> |
Tuesday, March 21 2023 16:19
ArmInfo.On March 20, AMXTrader,a new trading system has been successfully launched by Armenia Securities Exchange (AMX).The new trading system will allow market participants to develop and implement new types of exchange products and tools. It will provide additional flexibility to market participants by allowing implementation of multiple functions on a single platform. This was noted in a message released on March 21 by the Armenia Securities Exchange -AMX. >>> |
Tuesday, March 21 2023 12:27
ArmInfo.Armenia's Minister of FinanceVahe Hovhannisyan hosted on March 20, Ms Rana Karadsheh, Regional Director, International Finance Corporation (IFC), Mr Sebastian Molineus, World Bank Regional Director for the South Caucasus, Ms appointed Ivana Fernandes Duarte, IFC Regional Manager for the South Caucasus, and Ms Carolin Geginat, Ms Country Manager Armenia. >>> |
Tuesday, March 14 2023 19:54
ArmInfo.The FAO index has stabilized in recent months and there are no new upward trends. Chairman of the Central Bank of Armenia Martin Galstyan stated this on March 14 during a press conference. >>> |
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