ArmInfo.Yerevan, November 23, 2024. ArmInfo. The announced withdrawal of the Armenian branch of the prominent international Hongkong and Shanghai Banking Corporation (HSBC), a banking group with British roots, from the domestic market has raised a valid question within the country’s financial community: where will HSBC's clients, particularly its business clientele accustomed to international banking standards since 1996, go? The announcement earlier this year of HSBC Bank Armenia's acquisition by a bank with exclusively Armenian roots brought both reassurance and numerous questions. ArmInfo's Director General and economic observer Emmanuil Mkrtchyan sought to clarify the situation with David Sargsyan, Deputy Chairman of the Management Board of Ardshinbank.

ArmInfo.Yerevan, November 23, 2024. ArmInfo. The announced withdrawal of the Armenian branch of the prominent international Hongkong and Shanghai Banking Corporation (HSBC), a banking group with British roots, from the domestic market has raised a valid question within the country’s financial community: where will HSBC's clients, particularly its business clientele accustomed to international banking standards since 1996, go? The announcement earlier this year of HSBC Bank Armenia's acquisition by a bank with exclusively Armenian roots brought both reassurance and numerous questions. ArmInfo's Director General and economic observer Emmanuil Mkrtchyan sought to clarify the situation with David Sargsyan, Deputy Chairman of the Management Board of Ardshinbank.

ArmInfo.Yerevan, In late September, the Mining Armenia Forum was held in Armenia, organized by the Union of Miners and Metallurgists of Armenia. The forum was attended by representatives from almost all  mining companies in the country, specialists in various fields, environmentalists, representatives from various NGOs, and foreign guests.

ArmInfo.Yerevan, In late September, the Mining Armenia Forum was held in Armenia, organized by the Union of Miners and Metallurgists of Armenia. The forum was attended by representatives from almost all  mining companies in the country, specialists in various fields, environmentalists, representatives from various NGOs, and foreign guests.

ArmInfo.Since June of this year, re-export of precious metals has ceased to play a significant role in the economy of Armenia, and the contribution of net exports to economic growth in the first half of the year has become negative.  This is stated in the latest Macroeconomic Review of the Eurasian  Development Bank (EDB) for October, published today.

ArmInfo.The reduction of rates in large developed economies is gradually opening the way for developing countries to attract foreign capital. This is stated in the Macro Review of the Eurasian Development Bank (EDB) published today.

ArmInfo.Since June of this year, re-export of precious metals has ceased to play a significant role in the economy of Armenia, and the contribution of net exports to economic growth in the first half of the year has become negative.  This is stated in the latest Macroeconomic Review of the Eurasian  Development Bank (EDB) for October, published today.

ArmInfo.The reduction of rates in large developed economies is gradually opening the way for developing countries to attract foreign capital. This is stated in the Macro Review of the Eurasian Development Bank (EDB) published today.

ArmInfo.The Asian Development Bank (ADB), having revised its April forecast figures for Armenia's macroeconomy, recently raised its GDP forecast for 2024 from 5.7% to 6% and at the same time sharply reduced its forecast for average annual inflation from 3% to 0.8%. ArmInfo's economic observer asked Grigor Gyurjyan,  senior economist at the ADB's Armenian mission, for clarification on the reasons for adjusting the figures in the latest issue of the Asian Development Outlook. 

ArmInfo.The Asian Development Bank (ADB), having revised its April forecast figures for Armenia's macroeconomy, recently raised its GDP forecast for 2024 from 5.7% to 6% and at the same time sharply reduced its forecast for average annual inflation from 3% to 0.8%. ArmInfo's economic observer asked Grigor Gyurjyan,  senior economist at the ADB's Armenian mission, for clarification on the reasons for adjusting the figures in the latest issue of the Asian Development Outlook.