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Economy
11:30 09/12/2023Bloomberg reveals world's richest families in 2023Move over, Waltons. Another family has emerged as the richest dynasty in the world. For the first time, the House of Nahyan has joined Bloomberg’s annual ranking of family fortunes, and done so at...
11:02 29/11/2023US funding for Ukraine arms poured into Pennsylvania, Arizona and TexasThe Biden administration has been circulating on Capitol Hill the first breakdown of which U.S. states have benefited from the billions of dollars spent on arming Ukraine, in a move to gather more...
15:06 28/11/2023Armenia eyes more gas imports from IranArmenia eyes an increase in gas imports from Iran in the coming years, Minister of Territorial Administration and Infrastructure Gnel Sanosyan said on Tuesday.
16:45 27/11/2023Coffee and cocoa stored in EU warehouses at risk of destructionHundreds of thousands of tonnes of coffee and cocoa stored in EU warehouses risk being destroyed as an unforeseen consequence of the bloc’s deforestation law, which came into force in June this year,...
14:45 27/11/2023Armenia's public debt grows by 6.4% in nine monthsArmenia’s public debt increased by 6.4% to 4 trillion 454 billion drams in the first nine months of 2023, Deputy Finance Minister Vahan Sirunyan said on Monday.
13:57 24/11/2023Armenia's SRC reports increase in jobsThe number of jobs in Armenia totaled to 730,255 in October 2023, the State Revenue Committee reported on Friday, citing data on social payments and income tax.
14:23 23/11/2023Who is ZCMC's new beneficial owner Svetlana Ershova?The Zangezur Copper Molybdenum Combine (ZCMC) announced a “change” in the composition of the company's owners in a statement on Thursday.
16:34 20/11/2023Armenia sees tourism boom with over 2 million visitorsThe number of Armenia’s inbound tourists has surpassed 2 million for the firm time. The country welcomed 2 million 50 thousand tourists in January-October 2023 against 1.7 million tourists in the...
13:15 15/11/2023Armenia has sufficient funds for Crossroads of Peace project, minister saysArmenia has sufficient reserve funds for infrastructure development envisaged by the Crossroads of Peace project, Minister of Finance Vahe Hovhannisyan said on Wednesday.
11:30 15/11/2023Byblos Bank Armenia celebrates education at CaseKey 2023 galaOn November 10-12, the gala event of the CaseKey Business Case Competition 2023, whose title sponsor this year was Byblos Bank Armenia, was held at the Central Bank’s Dilijan Training and Research...
16:50 07/11/2023World food price index dips in OctoberThe benchmark for world food commodity prices declined moderately in October, down by 0.5 percent from September with the index for dairy products the only one to rise, the Food and Agriculture...
13:35 31/10/2023Armenia's Central Bank sets refinancing rate at 9.5%At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to reduce the refinancing rate by 0.25 pp, setting it at 9.5%.
16:36 30/10/2023Minister: Armenia saw 9.7% economic growth this yearEconomic activity in Armenia increased by 9.7% in January-September this year, Minister of Finance Vahe Hovhannisyan said on Monday.
15:58 30/10/2023Russia to simplify inward investment for 'friendly' countries, including ArmeniaPrime Minister Mikhail Mishustin said on Monday that Russia would create a simplified procedure for citizens and companies from "friendly" countries to invest there, Reuters reported.
13:36 30/10/2023Armenia plans to increase its defense budget in 2024The Armenian government plans to increase its capital expenditures by 23% to 695 billion drams next year, Minister of Finance Vahe Hovhannisyan said at parliamentary hearings on the draft state...
14:30 27/10/2023EAEU to allocate 1.8 bln rubles for industrial cooperation projects in 2024The prime ministers of Eurasian Economic Union (EAEU) countries have approved regulations for selecting joint industrial cooperation projects and the rules for giving them financing support, Interfax...
12:02 23/10/2023Iran to switch to national currency in trade with ArmeniaIran will switch to the national currency in trade operations with Armenia, Russia and Belarus, RIA Novosti reported on Monday, citing Kambiz Mirkazemi, a member of the Russian-Iranian Chamber of...
15:25 20/10/2023Converse Bank presented with Euro STP Excellence Award 2022Converse Bank has once again been awarded with Euro STP Excellence Award for quality excellence by one of leading European banks, Commerzbank AG, the bank said in a press release on Friday.
11:12 20/10/2023Amundi-Acba makes first direct investment in Armenian company's equitiesAmundi-Acba Asset Management CJSC made a major investment from the assets of the Balanced and Conservative Pension Funds under its management in the equities of Telecom Armenia OJSC by participating...
16:15 11/10/2023IMF forecasts 7% economic growth for Armenia in 2023The International Monetary Fund (IMF) expects Armenia's economy to grow by 7% in 2023 in its latest World Economic Outlook.