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.
China has expressed interest in building a nuclear power plant in Armenia. Yerevan plans to launch the station within the next ten years.
Over the past year, more than $5.5 billion was transferred to Armenia, with Russia remaining the leader in money transfers to the republic.
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%
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 …
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 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.
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.
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 confirmed it is in advanced talks with Ameriabank about a potential acquisition of the Armenian bank. According to the …
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 …
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%.
Members of the Armenian parliament adopted the country's budget for next year. The budget deficit will amount to about 483 billion 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.
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 …
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 …
Armenia's economic activity in 2022 was up 14.2% as opposed to the previous year, according to the numbers, released by the National Statistical Committee (NSC). It said the economic activity surged by 21.5% in December 2022 …
The Armenian parliament has approved today the government's budget for 2023 by a vote of 66 to 28. The budget was endorsed by lawmakers from the ruling Civil Contract party of Prime Minister Nikol Pashinyan. Lawmakers from the …
Armenia's GDP grew by 14.8% year-on-year in the third quarter of the current year, according to the official numbers, released by the National Statistical Committee (NSC). In current prices, the country's GDP amounted …
Armenia's Central Bank decided today to raise the refinancing rate by 0.25 percentage points and set it at 9.5%. The Lombard repo rate was also increased to 11%. On March 15, 2022 the Central Bank had already raised the key rate by …
