Posts Tagged ‘Finance’
US dollar goes down in Armenia
Following a relatively stable period US dollar went down again on NASDAQ OMX Armenia stock exchange on Tuesday with the exchange rate making AMD367/$1 against AMD368 on Monday. Most likely, the decline is conditioned by growth of supply ahead of new school year. Sales totaled $2.45 [...]
Greece downgraded to junk status: S and P
Greece's debt has been downgraded to junk status by Standard & Poor's amid mounting fears that the debt crisis in Europe is spiralling out of control. In a statement on Tuesday, the agency says that it is lowering its rating on Greece's debt to BB+ from BBB- - that means that the country's debt [...]
US Treasury Introduces the new 100 dollar bill
U.S. financial authorities showed on Wednesday its new $100 bill, which contains more security tools to combat counterfeiting. The old bills will remain in circulation even when the new 100 dollar bill start to move in February 2011, explained senior officials of the US Treasury and Federal [...]
Government vs. price rise: will it weather the storm?
Gas users have not yet received their gas bills for this April from the ArmRusgasprom CJSC, but commercial companies have jacked up their prices. Gas-filling stations proved to be “pioneers” in this fishy business. They were about to raise condensed gas prices, but, pressured by indignant [...]
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 [...]
Falling living standards vs. rising incomes
Before claiming that the crisis has been overcome, one has to take the following key factors into account: the GDP, financial system’s indicators, including the attitude to and confidence in the system, interest rate behavior, unemployment level and living standards, Artsvik Minasyan, the [...]
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 [...]