Posts Tagged ‘AMD’
ABD forecasts 2% economic growth for Armenia
Developing Asia's strong recovery from the effects of the global economic crisis is expected to continue through the next two years, the Asian Development Bank (ADB) says in a new major report. ADB's annual flagship economic publication, Asian Development Outlook 2010 (ADO 2010), released today, [...]
550m AMD to be allocated to Armenia’s agricultural sector in 2010
This year, because of the global financial crisis, the RA Government plans to allocate 550m AMD for the agricultural sector’s development against last year’s 1.6bn AMD, Khachik Harutyunyan, Chairman of the Committee on Agriculture and Environment, RA Parliament, stated at a press conference on [...]
Armenia’s foreign debt will grow: IMF
International Monetary Fund (IMF) office in Armenia will shortly publish a report with forecasts for 2010 – Armenia will register an economic upturn of 1.8% and inflation of 6.2%, IMF resident representative in Armenia Guillermo Tolosa told journalists today, April 9. As for the foreign debt [...]
Government to compensate for inflation risks, RA Finance Minister states
RA Government separated 2010 macroeconomic risks from inflation risks – the latter were increased by a rise in gas pices, RA Finance Minister Tigran Davtyan told journalists on Wednesday. The Government also intends to compensate most vulnerable groups for the inflation risks. According to [...]
US Dollar fortifies position
On March 30, purchase and sale deals volume at NASDAQ OMX totalled USD 650 000 at the average rate of AMD 401,55 / USD1, CBA press service reported. At the close of business, exchange rate comprised AMD 403,5 / USD1. Average market exchange rate of Armenian Dram to US Dollar on Armenia’s [...]
Dram losing role in Armenian economy, CBA ex-chairman says
As of this January a 25% decrease in the amount of private transfers, one of the movers of economic development, was registered in Armenia, the ex-chairman of the Central Bank of Armenia (CBA) Bagrat Asatryan told reporters on March 30. This year Armenia is likely to receive less funds than [...]
12.6% budget expenditure program performance in Jan-Feb
Budget revenues exceeded 103.1bn AMD, and budget expenditures 106.2bn AMD in Armenia this January-February. The press service of the RA Ministry of Finance informed NEWS.am that, during the period under review, the quarterly budget revenue program was implemented 68.3% and the quarterly budget [...]
Dram depreciation prevented
Today, March 23, U.S. $3.1m transactions have been effected at the NASDAQ OMX Armenia at an average exchange rate of 395.44 AMD/U.S. $1. The closing rate was 394.5 AMD/U.S. $1, CBA Public Relations department informed. Last week the exchange rate of the U.S. dollar reached 410 AMD. The CBA [...]
Unibank plans to increase loan portfolio to AMD 90 billion
Unibank CJSC plans to increase loan portfolio to AMD 90 billion, providing 35% growth of credit investments, the bank’s press service reported. As of February 2010, Unibank loan portfolio comprised AMD 66,5 billion, including AMD 39 bln. 87 mln. of business credits. In 2010, the bank [...]
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 [...]