ArmInfo.The World Bank has improved its 2023 GDP growth forecast for Armenia from the previous 4.4% to an updated 7.1% (against the actual 12.6% growth in 2022), now expecting a slowdown to 4.7% in 2024 and to 4.5% in 2025 (versus previously forecasted y-o-y acceleration to 4.8% and 5%). This is noted in the January Global Economic Prospects report published by the World Bank.

ArmInfo.

ArmInfo.The World Bank has improved its 2023 GDP growth forecast for Armenia from the previous 4.4% to an updated 7.1% (against the actual 12.6% growth in 2022), now expecting a slowdown to 4.7% in 2024 and to 4.5% in 2025 (versus previously forecasted y-o-y acceleration to 4.8% and 5%). This is noted in the January Global Economic Prospects report published by the World Bank.

ArmInfo.

ArmInfo. Only dollar and euro  transactions were carried out at the foreign currency interbank of  Armenia in the first short week of January 2024 (January 3-5), hile  there were no euro transactions in the same period a year ago,  instead there were ruble transactions  along with dollar ones, but  both then and now they were recorded in small volumes with downward  trend in dollar transactions. 

ArmInfo. Only dollar and euro  transactions were carried out at the foreign currency interbank of  Armenia in the first short week of January 2024 (January 3-5), hile  there were no euro transactions in the same period a year ago,  instead there were ruble transactions  along with dollar ones, but  both then and now they were recorded in small volumes with downward  trend in dollar transactions. 

ArmInfo. Armenia's gross international reserves go on decreasing as against the historical record last August, $4.219bln.

ArmInfo. Armenia's gross international reserves go on decreasing as against the historical record last August, $4.219bln.

ArmInfo. According to the new  forecast of the Central Bank for 2023, the unemployment rate will be  below 13% (against the actual 13% in 2022), while according to its  previous forecast (September), the bank expected an increase of up to  14%. But in the medium term, in parallel with the recovery in demand,  the unemployment rate will stabilize near its long-term sustainable  level of 15%. This is noted in the Central Bank's Monetary Policy  Program (MPP) for Q4 2023, published at the end of December, where  GDP growth expectations for 2023 indicate a less noticeable slowdown  in rates to 8.3% (from 12.6% in 2022) and further to 6.1% in 2024 and  5.7% in 2025.

ArmInfo. AraratBank has been awarded the Best CSR Bank Armenia 2023 in the Global Banking & Finance Review awards 2023. This reputable award underscores the Bank's responsibility and commitment to the values of corporate social responsibility.