Armenian economy

Armenian central bank leaves key rate unchanged

Armenian central bank leaves key rate unchanged

Armenia's Central Bank Management Board has decided today to leave the refinancing rate at 9.25% unchanged. According to the press service of the regulator, the Lombard repo rate also remained unchanged at 10.75% and the rate of …

Armenian central bank raises key rate

Armenian central bank raises key rate

Armenian Central Bank's Board has raised today the refinancing rate by 1.25 percentage points, setting it at 9.25%. According to the press service of the regulator, the Lombard repo rate is set at .75%. The rate of lending to …

Armenia may lift ban on Turkish imports

Armenia may lift ban on Turkish imports

The Armenian government will have either to approve the extension of a ban on Turkish imports or cancel it, when it convenes Thursday for the last session in 2021, Armenian Minister of Economy Vahan Kerobyan said. According to the …

People leaving Armenia in record numbers

People leaving Armenia in record numbers

In the three quarters of 2021, 103,000 more Armenians left the country than entered it, according to official data. Armenia's population is 2.963 million people, so this is an extremely alarming figure, because  that amounts to about …

Migration out of Armenia spikes

Migration out of Armenia spikes

A struggling economy and defeat in last year’s war appear to be driving large numbers of Armenians to leave the country.

The economic crisis deepens in Armenia

The economic crisis deepens in Armenia

After the parliamentary elections in June, there was a widely accepted consensus in Armenia that the political situation will stabilize and the economy will recover from the wounds of the pandemic and the 44 Day War. However, economic data …

Armenian central bank raises key rate

Armenian central bank raises key rate

Armenia’s Central Bank said today its Executive Board has raised the key refinancing rate by 0.5 percentage points, setting it at 7%. It said also that the Lombard repo rate provided by the Central Bank is 8.5%, and the rate on …

What Armenian lobbyists ask for money for

What Armenian lobbyists ask for money for

American congressmen, lobbying for the interests of Armenia, dumbfounded American taxpayers with another initiative coming from the Armenian lobby. The bill presented by Congressmen Frank Pallone, Jackie Speyer and Adam Schiff contains a proposal …

Armenia may extend ban on imports of Turkish goods

Armenia may extend ban on imports of Turkish goods

Armenian Minister of Economy Vahan Kerobyan said the ban on imports of Turkish goods may be prolonged. "From an economic point of view, we believe that the ban should be extended if political or other priorities do not interfere …

Armenia bans import of Turkish goods in 2021

Armenia bans import of Turkish goods in 2021

Armenia will ban the import of Turkish goods for six months from January next year due to Ankara's position on the Nagorno-Karabakh conflict, the Armenian Economy Ministry said. The decision will take effect on December 31, …

Pashinyan: Armenia's budget revenues increase by 25.1%

Pashinyan: Armenia's budget revenues increase by 25.1%

Armenian Prime Minister Nikol Pashinyan said that state budget revenues have increased by 152 billion drams, or  25.1%, in the first half of 2019, as compared to the same period last year. "As a result, the …

Pashinyan: Armenia needs economic transformation

Pashinyan: Armenia needs economic transformation

Armenia needs economic transformation, Armenian Prime Minister Nikol Pashinyan said. Asked to comment on the decline in exports, he agreed with the facts, noting that the decline in exports was due to the closure of …

Armenia’s export decreased by almost 9%

Armenia’s export decreased by almost 9%

Armenian Minister of Economic Development Tigran Khachatryan stated that in the first quarter of this year, exports from Armenia decreased by 8.6%. At the same time, he clarified that some of the indicators relate to the mining industry, where …