‘Economics’ Archives
Petrol Prices in Armenia Just Keep Going Up and Up
Once again, companies that import and sell gas in Armenia connect this usual raising of the cost of petrol (gasoline) in Armenia with the recorded exchange rate fluctuations of the Armenian dram and the US dollar and with the increase in the cost of oil in the global market. Local Armenian [...]
At Least 8 out of 22 Banks Should’ve Gone Bankrupt, Says Armenia’s Former PM
In a very short period of time, the dollar’s fixed price is going to lead to inflation and Armenia’s economy will collapse, said former prime minister of Armenia Hrant Bagratyan at a press conference today. “Today, the government is searching for approximately 2 billion dollars. If it [...]
Exchange rate for AMD per USD dollar reaches 405
Average market exchange rate of Armenian Dram to US Dollar on Armenia’s foreign exchange market reached AMD 405 for USD 1 as of March 19, 2010 press office of the Central Bank of Armenia reported
Rosgosstrakh to become leader in Armenia
The Rosgosstrakh insurance company will soon become leader in Armenia, President of the company Danil Khachaturov said in his interview with Vedomosti. He pointed out that the company launched its activities in Armenia six months ago, and it is now one of the leaders. “We want to become the [...]
EBRD to invest $150m in Armenia
European Bank for Reconstruction and Development (EBRD) is ready to invest $150m in Armenia’s economy – ditto as in 2009, EBRD President Thomas Mirow said at the press conference in Yerevan. He informed that total investments of EBRD in Armenia make about $500m. Last year investments in [...]