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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 Prime Minister Nikol Pashinyan said the situation in Russia's economy, which is under Western sanctions, is unpleasant for Armenia. "But to be frank, in the first quarter (of 2022) we recorded economic growth of 8.6% …
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 …
Inflation in 2021 was expected to be at 8.4%, with a subsequent decrease to 5.5% in 2022
The Armenian parliamentary committee on labor and social affairs has declined a draft law motioned by the opposition Hayastan (Armenia) alliance, which calls for raising the minimum wage from 68,000 to 100,000 drams. To ground the draft …
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 …
The 2020 war between Armenia and Azerbaijan resulted in the liberation of occupied territories by Azerbaijan and put an end to a three-decade-long conflict
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 …
A struggling economy and defeat in last year’s war appear to be driving large numbers of Armenians to leave the country.
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 …
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 …
Tthe only way for Armenia to achieve rapid economic recovery is to join the regional cooperation
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 …
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 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, …
This year may turn out to be reporting to the new authorities
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 …
Armenian Prime Minister Nikol Pashinyan said at the Syunik province business forum that what is taking place in Armenia is a debate between craziness and realism. According to him, their political task is to …
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 …
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 …
