Armenia to receive over $170 million from IMF
The International Monetary Fund (IMF) has approved credit support of over $175 million for Armenia, with disbursements scheduled over a three-year period.
Armenian economy
Armenia's GDP grows by 6%
According to the Eurasian Development Bank (EDB), Armenia's GDP increased by 6% this year, driven primarily by growth in the financial, IT, and construction sectors.
Russia and Azerbaijan have no problems in economic area - Overchuk
Russian Deputy Prime Minister Alexei Overchuk said Russia and Azerbaijan understand each other well in the economic sphere and work constructively in it at the level of governments and enterprises.
Armenia's Central Bank leaves refinancing rate unchanged
The Central Bank of Armenia has decided to leave the refinancing rate, or discount rate, at 6.75% per annum, the regulator said.
EU integration to be painful for Armenia - Galuzin
If Armenia follows the path of the EU integration, it will objectively lead to a revision of the established economic relations that Yerevan currently has with its partners in the EAEU, Russian deputy foreign minister Mikhail Galuzin said.
Beijing expresses interest in building nuclear power plant in Armenia
China has expressed interest in building a nuclear power plant in Armenia. Yerevan plans to launch the station within the next ten years.
Volume of money transfers from Russia to Armenia announced
Over the past year, more than $5.5 billion was transferred to Armenia, with Russia remaining the leader in money transfers to the republic.
World Bank predicts GDP growth decline in South Caucasus
Thus, experts predict the GDP growth, after which there will be a noticeable decline: in Georgia from 6% to 5%, in Armenia from 5% to 4.6%
Growth forecasts for Caucasus and Central Asia states revised up
The Asian Development Bank (ADB) has revised up the growth projection for the Caucasus and Central Asia to 4.9% from 4.7% for 2024 and to …
Armenia reduces key rate
Today, it has been decided to slightly reduce the refinancing rate in Armenia. In this way, the Armenian Central Bank intends to increase the availability of loans and stimulate demand.
Food prices rise in Armenia for first time in a year
Food prices have risen slightly in Armenia. Food prices are rising for the first time in more than a year, the EDB reports. However, overall inflation does not exceed the Central Bank's target.
Armenia to receive budget loan from World Bank
The World Bank will provide Armenia with a loan worth more than 90 million euros through the International Bank for Reconstruction and Development. The funds will be used to cover the budget deficit.
Migrants from Karabakh leave Armenia due to poverty and unemployment
The Armenian population of the Karabakh economic region of Azerbaijan, who had previously decided to leave for Armenia, faced new difficulties. Former migrants are again looking for a new home since unemployment and poverty awaited them in Armenia.
Bank of Georgia plans acquisition of leading Armenian bank
Bank of Georgia confirmed it is in advanced talks with Ameriabank about a potential acquisition of the Armenian bank. According to the …
Armenia increases trade with EEU member states
Armenia's trade with the Eurasian Economic Union (EEU) member countries in 2023 surged by 39% when compared to 2022 to about $7.8 billion, Armenian Prime Minister Nikol Pashinyan said at a meeting of the Eurasian Intergovernmental Council in …
Armenian Central Bank continues reduction of refinancing rate
The Central Bank of Armenia announced a reduction in the refinancing rate. For the last month and a half it has been at the level of 9.25%.
Armenian Parliament approves budget for 2024
Members of the Armenian parliament adopted the country's budget for next year. The budget deficit will amount to about 483 billion drams.
Armenia's public debt increased by 43% in drams
Since the beginning of the year, the share of Armenia's public debt has increased by 43% in the national currency. Overall, the Central Bank's debt has decreased, while government debt has increased.
Commemorative coins issued dedicated to Armenia's dram anniversary
The Central Bank of Armenia has put into circulation a series of commemorative coins of 10, 20, 50, 100, 200 and 500 dram dedicated to …
Armenia's Central Bank lowers refinancing rate once again
The board of directors of the Central Bank of Armenia on September 12 cut the refinancing rate by 50 basis points to 9.75% per annum, the regulator said in a statement. The Central Bank's board cut the refinancing rate by 25 bps to …
